Short Interest in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Expands By 49.9%

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) was the recipient of a significant 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 trading volume of 691,900 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 691,900 shares, the days-to-cover ratio is currently 0.6 days.

VanEck IG Floating Rate ETF Stock Performance

FLTR opened at $25.54 on Thursday. VanEck IG Floating Rate ETF has a fifty-two week low of $24.59 and a fifty-two week high of $25.59. The company’s 50-day moving average price is $25.52 and its 200 day moving average price is $25.44.

Institutional Investors Weigh In On VanEck IG Floating Rate ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wealthfront Advisers LLC raised its stake in VanEck IG Floating Rate ETF by 182.0% during the second 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 period. Pinnacle Wealth Planning Services Inc. grew its position in VanEck IG Floating Rate ETF by 2.9% in the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 4,272,209 shares of the company’s stock worth $108,941,000 after purchasing an additional 120,351 shares during the last quarter. LPL Financial LLC grew its position 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 purchasing an additional 705,037 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. Finally, Raymond James Financial Inc. grew its position in VanEck IG Floating Rate ETF by 5.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,680,949 shares of the company’s stock worth $42,864,000 after purchasing an additional 81,597 shares during the last quarter.

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.