Short Interest in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Drops By 40.9%

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 1,833,411 shares, a decrease of 40.9% from the July 15th total of 3,099,754 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 1,373,087 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of VanEck IG Floating Rate ETF

Several institutional investors have recently added to or reduced their stakes in the business. Liberty Square Wealth Partners LLC increased its stake in VanEck IG Floating Rate ETF by 1.2% in the first quarter. Liberty Square Wealth Partners LLC now owns 41,287 shares of the company’s stock worth $1,052,000 after purchasing an additional 508 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of VanEck IG Floating Rate ETF by 103.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,015 shares of the company’s stock valued at $26,000 after purchasing an additional 516 shares during the period. Integrated Advisors Network LLC grew its holdings in shares of VanEck IG Floating Rate ETF by 2.8% in the fourth quarter. Integrated Advisors Network LLC now owns 19,250 shares of the company’s stock worth $490,000 after purchasing an additional 530 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of VanEck IG Floating Rate ETF by 1.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 63,764 shares of the company’s stock worth $1,625,000 after purchasing an additional 662 shares during the last quarter. Finally, Ausdal Financial Partners Inc. grew its holdings in shares of VanEck IG Floating Rate ETF by 6.1% in the fourth quarter. Ausdal Financial Partners Inc. now owns 16,214 shares of the company’s stock worth $413,000 after purchasing an additional 925 shares during the last quarter.

VanEck IG Floating Rate ETF Price Performance

Shares of NYSEARCA:FLTR remained flat at $25.56 during trading on Wednesday. 220,030 shares of the stock were exchanged, compared to its average volume of 938,111. The firm’s 50-day moving average price is $25.56 and its 200-day moving average price is $25.52. VanEck IG Floating Rate ETF has a 1 year low of $25.34 and a 1 year high of $25.61.

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.