About iShares Treasury Floating Rate Bond ETF (TFLO)

The iShares Treasury Floating Rate Bond ETF (TFLO) is an exchange-traded fund that seeks to provide investors with exposure to U.S. Treasury bonds with floating interest rates. This ETF is designed to offer investors a way to mitigate interest rate risk by investing in bonds that adjust their interest rates based on changes in an underlying benchmark. TFLO's objective is to track the performance of the Bloomberg US Treasury Floating Rate Bond Index.

As of the latest quote, TFLO is trading at $50.10 per share. This ETF has a market capitalization of $500 million, making it a relatively small fund compared to others in the fixed income space. TFLO has a PEG ratio of 1.25, indicating that it may be slightly overvalued relative to its expected earnings growth rate. When compared to its industry peers, TFLO has shown strong performance, outperforming the average returns of similar funds.