VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sees Large Increase in Short Interest

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 261,801 shares, a growth of 131.7% from the December 15th total of 112,980 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 718,143 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 718,143 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

VanEck IG Floating Rate ETF Stock Performance

VanEck IG Floating Rate ETF stock remained flat at $25.51 during mid-day trading on Thursday. The company had a trading volume of 709,171 shares, compared to its average volume of 776,927. VanEck IG Floating Rate ETF has a 1 year low of $24.59 and a 1 year high of $25.59. The stock’s 50-day moving average is $25.50 and its 200 day moving average is $25.50.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. lifted its position in VanEck IG Floating Rate ETF by 4.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 10,884 shares of the company’s stock worth $278,000 after buying an additional 498 shares in the last quarter. Bogart Wealth LLC increased its stake in shares of VanEck IG Floating Rate ETF by 48.3% in the second quarter. Bogart Wealth LLC now owns 1,749 shares of the company’s stock worth $45,000 after acquiring an additional 570 shares during the last quarter. Western Wealth Management LLC raised its holdings in shares of VanEck IG Floating Rate ETF by 1.5% during the second quarter. Western Wealth Management LLC now owns 41,563 shares of the company’s stock worth $1,060,000 after acquiring an additional 618 shares in the last quarter. Silvia Mccoll Wealth Management LLC boosted its position in VanEck IG Floating Rate ETF by 2.3% during the fourth quarter. Silvia Mccoll Wealth Management LLC now owns 31,686 shares of the company’s stock valued at $807,000 after purchasing an additional 718 shares during the last quarter. Finally, MGB Wealth Management LLC boosted its position in VanEck IG Floating Rate ETF by 9.2% during the third quarter. MGB Wealth Management LLC now owns 8,682 shares of the company’s stock valued at $222,000 after purchasing an additional 735 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.