VanEck IG Floating Rate ETF (NYSEARCA:FLTR – Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 3,341,471 shares, a growth of 418.6% from the August 31st total of 644,387 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average trading volume of 1,419,394 shares, the days-to-cover ratio is presently 2.4 days.
VanEck IG Floating Rate ETF Stock Performance
Shares of NYSEARCA FLTR remained flat at $25.59 during trading on Friday. 2,127,055 shares of the company’s stock were exchanged, compared to its average volume of 1,022,237. VanEck IG Floating Rate ETF has a one year low of $25.34 and a one year high of $25.61. The business’s 50 day moving average is $25.56 and its 200 day moving average is $25.53.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of FLTR. NewEdge Advisors LLC lifted its stake in shares of VanEck IG Floating Rate ETF by 130.0% during the second 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 period. IFP Advisors Inc increased its position in VanEck IG Floating Rate ETF by 32.6% in the second quarter. IFP Advisors Inc now owns 50,812 shares of the company’s stock worth $1,301,000 after purchasing an additional 12,501 shares during the period. Allworth Financial LP increased its position in VanEck IG Floating Rate ETF by 182.9% in the second quarter. Allworth Financial LP now owns 2,246 shares of the company’s stock worth $58,000 after purchasing an additional 1,452 shares during the period. Tucker Asset Management LLC raised its holdings in VanEck IG Floating Rate ETF by 113.1% during the 2nd quarter. Tucker Asset Management LLC now owns 26,904 shares of the company’s stock worth $689,000 after purchasing an additional 14,281 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in VanEck IG Floating Rate ETF during the 2nd quarter worth about $414,000.
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.
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