Short Interest in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Rises By 86.0%

VanEck IG Floating Rate ETF (NYSEARCA:FLTRGet Free Report) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 112,980 shares, an increase of 86.0% from the November 30th total of 60,741 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 690,737 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 690,737 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

VanEck IG Floating Rate ETF Price Performance

NYSEARCA FLTR traded down $0.08 during trading hours on Monday, hitting $25.46. The company’s stock had a trading volume of 630,783 shares, compared to its average volume of 934,715. VanEck IG Floating Rate ETF has a 12 month low of $24.59 and a 12 month high of $25.59. The company’s 50 day simple moving average is $25.50 and its two-hundred day simple moving average is $25.50.

Institutional Trading of VanEck IG Floating Rate ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Spire Wealth Management grew its holdings in VanEck IG Floating Rate ETF by 1,058.0% during the 2nd quarter. Spire Wealth Management now owns 1,297 shares of the company’s stock valued at $33,000 after buying an additional 1,185 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of VanEck IG Floating Rate ETF during the third quarter worth approximately $38,000. Tsfg LLC bought a new position in shares of VanEck IG Floating Rate ETF during the 3rd quarter worth $39,000. Bogart Wealth LLC increased its stake in shares of VanEck IG Floating Rate ETF by 48.3% during the second quarter. Bogart Wealth LLC now owns 1,749 shares of the company’s stock valued at $45,000 after buying an additional 570 shares during the period. Finally, Family Management Corp purchased a new stake in VanEck IG Floating Rate ETF in the third quarter worth about $45,000.

VanEck IG Floating Rate ETF Company Profile

(Get Free Report)

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.

Further Reading

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