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

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) saw a significant increase in short interest in 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. Approximately 2.6% of the shares of the company are sold short. Based on an average daily volume of 1,419,394 shares, the short-interest ratio is presently 2.4 days.

VanEck IG Floating Rate ETF Stock Performance

Shares of FLTR stock opened at $25.59 on Friday. VanEck IG Floating Rate ETF has a 12-month low of $25.34 and a 12-month high of $25.61. The firm’s 50 day moving average is $25.56 and its 200 day moving average is $25.53.

Hedge Funds Weigh In On VanEck IG Floating Rate ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Asset One Wealth Management LLC bought a new position in shares of VanEck IG Floating Rate ETF in the 4th quarter worth approximately $2,207,000. Lane Brothers & Co. Inc. bought a new stake in VanEck IG Floating Rate ETF during the fourth quarter valued at approximately $15,002,000. Kensington Asset Management LLC grew its position in VanEck IG Floating Rate ETF by 20.6% during the fourth quarter. Kensington Asset Management LLC now owns 2,589,451 shares of the company’s stock valued at $65,902,000 after buying an additional 442,359 shares during the period. Systelligence LLC increased its holdings in VanEck IG Floating Rate ETF by 195.3% during the first quarter. Systelligence LLC now owns 45,829 shares of the company’s stock valued at $1,168,000 after buying an additional 30,307 shares during the last quarter. Finally, FAS Wealth Partners Inc. increased its holdings in VanEck IG Floating Rate ETF by 5.8% during the first quarter. FAS Wealth Partners Inc. now owns 364,993 shares of the company’s stock valued at $9,300,000 after buying an additional 19,930 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.