VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Short Interest Update

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,341,471 shares, an increase of 418.6% from the August 31st total of 644,387 shares. Based on an average daily trading volume, of 1,419,394 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.6% of the company’s stock are short sold.

VanEck IG Floating Rate ETF Price Performance

Shares of FLTR opened at $25.59 on Friday. VanEck IG Floating Rate ETF has a twelve month low of $25.34 and a twelve month high of $25.61. The firm has a 50 day moving average of $25.56 and a 200 day moving average of $25.53.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FLTR. Whittier Trust Co. bought a new stake in VanEck IG Floating Rate ETF in the 1st quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its stake in VanEck IG Floating Rate ETF by 103.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,015 shares of the company’s stock valued at $26,000 after acquiring an additional 516 shares during the period. Assetmark Inc. lifted its stake in VanEck IG Floating Rate ETF by 126.6% during the 1st quarter. Assetmark Inc. now owns 1,659 shares of the company’s stock valued at $42,000 after acquiring an additional 927 shares during the period. Allworth Financial LP boosted its holdings in shares of VanEck IG Floating Rate ETF by 182.9% during the 2nd quarter. Allworth Financial LP now owns 2,246 shares of the company’s stock valued at $58,000 after acquiring an additional 1,452 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of VanEck IG Floating Rate ETF by 130.0% during the 2nd quarter. NewEdge Advisors LLC now owns 4,600 shares of the company’s stock valued at $118,000 after acquiring an additional 2,600 shares during the last quarter.

About VanEck IG Floating Rate ETF

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.