VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Short Interest Down 42.9% in January

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 149,448 shares, a decline of 42.9% from the December 31st total of 261,801 shares. Based on an average trading volume of 776,962 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 776,962 shares, the days-to-cover ratio is currently 0.2 days.

VanEck IG Floating Rate ETF Stock Up 0.1%

FLTR traded up $0.02 during trading on Friday, hitting $25.58. The company’s stock had a trading volume of 477,856 shares, compared to its average volume of 839,728. The business’s 50 day simple moving average is $25.51 and its 200-day simple moving average is $25.51. VanEck IG Floating Rate ETF has a one year low of $24.59 and a one year high of $25.59.

Institutional Investors Weigh In On VanEck IG Floating Rate ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. North Star Investment Management Corp. grew its holdings in VanEck IG Floating Rate ETF by 16.8% during the 4th quarter. North Star Investment Management Corp. now owns 76,716 shares of the company’s stock valued at $1,955,000 after purchasing an additional 11,029 shares during the last quarter. Howard Wealth Management LLC lifted its stake in shares of VanEck IG Floating Rate ETF by 16.6% during the 4th quarter. Howard Wealth Management LLC now owns 97,341 shares of the company’s stock worth $2,480,000 after acquiring an additional 13,872 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in VanEck IG Floating Rate ETF by 0.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 136,166 shares of the company’s stock valued at $3,470,000 after acquiring an additional 1,193 shares during the last quarter. White Pine Investment CO lifted its position in shares of VanEck IG Floating Rate ETF by 2.1% during the fourth quarter. White Pine Investment CO now owns 533,046 shares of the company’s stock worth $13,582,000 after purchasing an additional 10,795 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in VanEck IG Floating Rate ETF by 1.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 253,247 shares of the company’s stock valued at $6,453,000 after buying an additional 3,885 shares in 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.