VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sees Significant Decrease in Short Interest

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 149,448 shares, a decline of 42.9% from the December 31st total of 261,801 shares. Based on an average trading volume of 776,962 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 776,962 shares, the days-to-cover ratio is presently 0.2 days.

VanEck IG Floating Rate ETF Stock Up 0.1%

Shares of FLTR stock traded up $0.02 during trading hours on Friday, reaching $25.58. The stock had a trading volume of 477,856 shares, compared to its average volume of 839,728. The firm has a 50-day simple moving average of $25.51 and a 200-day simple moving average of $25.51. VanEck IG Floating Rate ETF has a twelve month low of $24.59 and a twelve month high of $25.59.

Hedge Funds Weigh In On VanEck IG Floating Rate ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. North Star Investment Management Corp. raised its stake in VanEck IG Floating Rate ETF by 16.8% during the 4th quarter. North Star Investment Management Corp. now owns 76,716 shares of the company’s stock valued at $1,955,000 after acquiring an additional 11,029 shares in the last quarter. Howard Wealth Management LLC grew its position in VanEck IG Floating Rate ETF by 16.6% in the 4th quarter. Howard Wealth Management LLC now owns 97,341 shares of the company’s stock valued at $2,480,000 after buying an additional 13,872 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in VanEck IG Floating Rate ETF by 0.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 136,166 shares of the company’s stock valued at $3,470,000 after buying an additional 1,193 shares during the period. White Pine Investment CO raised its position in shares of VanEck IG Floating Rate ETF by 2.1% during the 4th quarter. White Pine Investment CO now owns 533,046 shares of the company’s stock worth $13,582,000 after buying an additional 10,795 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of VanEck IG Floating Rate ETF by 1.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 253,247 shares of the company’s stock worth $6,453,000 after acquiring an additional 3,885 shares during the period.

VanEck IG Floating Rate ETF Company Profile

The VanEck Investment Grade Floating Rate ETF (FLTR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US dollar-denominated, investment-grade floating-rate notes issued by corporate entities. FLTR was launched on Apr 25, 2011 and is managed by VanEck.