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

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 381,600 shares, an increase of 49.9% from the September 15th total of 254,600 shares. Based on an average daily volume of 691,900 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 691,900 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of VanEck IG Floating Rate ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FLTR. Wealthfront Advisers LLC increased its stake in VanEck IG Floating Rate ETF by 182.0% in the 2nd quarter. Wealthfront Advisers LLC now owns 5,159,089 shares of the company’s stock worth $131,557,000 after acquiring an additional 3,329,539 shares during the last quarter. Ramiah Investment Group bought a new position in VanEck IG Floating Rate ETF in the 1st quarter worth about $44,616,000. LPL Financial LLC increased its stake in VanEck IG Floating Rate ETF by 22.9% in the 1st quarter. LPL Financial LLC now owns 3,779,799 shares of the company’s stock worth $96,574,000 after acquiring an additional 705,037 shares during the last quarter. Atria Investments Inc increased its stake in VanEck IG Floating Rate ETF by 7,267.0% in the 1st quarter. Atria Investments Inc now owns 656,105 shares of the company’s stock worth $16,763,000 after acquiring an additional 647,199 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in VanEck IG Floating Rate ETF by 58.6% in the 1st quarter. Raymond James Financial Inc. now owns 1,599,352 shares of the company’s stock worth $40,863,000 after acquiring an additional 591,153 shares during the last quarter.

VanEck IG Floating Rate ETF Stock Performance

NYSEARCA:FLTR opened at $25.55 on Friday. VanEck IG Floating Rate ETF has a 52-week low of $24.59 and a 52-week high of $25.59. The business’s fifty day moving average is $25.52 and its 200 day moving average is $25.45.

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.