T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR) Shares Shorted: Short Interest Down 57.2% in October

by · The Markets Daily

T. Rowe Price Floating Rate ETF (NYSEARCA:TFLR – Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 38,354 shares, a decrease of 57.2% from the September 30th total of 89,535 shares. Based on an average trading volume of 153,231 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Sei Investments Co. bought a new stake in shares of T. Rowe Price Floating Rate ETF in the 1st quarter valued at about $65,199,000. Onyx Bridge Wealth Group LLC bought a new position in shares of T. Rowe Price Floating Rate ETF during the third quarter worth about $15,518,000. Insight Wealth Strategies LLC raised its position in shares of T. Rowe Price Floating Rate ETF by 102.2% during the second quarter. Insight Wealth Strategies LLC now owns 557,681 shares of the company’s stock worth $28,102,000 after acquiring an additional 281,911 shares during the last quarter. Matrix Trust Co bought a new position in shares of T. Rowe Price Floating Rate ETF during the second quarter worth about $8,066,000. Finally, Soltis Investment Advisors LLC acquired a new position in shares of T. Rowe Price Floating Rate ETF in the third quarter worth approximately $3,483,000.

T. Rowe Price Floating Rate ETF Price Performance

Shares of TFLR stock traded down $0.08 during trading hours on Friday, hitting $50.10. 86,471 shares of the company’s stock traded hands, compared to its average volume of 104,068. The stock’s 50 day simple moving average is $50.56 and its 200 day simple moving average is $50.71. T. Rowe Price Floating Rate ETF has a 12 month low of $49.77 and a 12 month high of $51.68.

About T. Rowe Price Floating Rate ETF

(Get Free Report)

The T. Rowe Price Floating Rate ETF (TFLR) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on high yield fixed income. TFLR is actively managed to invest in a broad portfolio of USD-denominated floating-rate loans TFLR was launched on Nov 16, 2022 and is managed by T. Rowe Price.

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