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

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 1,809,627 shares, a growth of 737.5% from the April 30th total of 216,072 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily volume of 947,121 shares, the short-interest ratio is presently 1.9 days.

Institutional Trading of VanEck IG Floating Rate ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Kensington Asset Management LLC lifted its holdings in shares of VanEck IG Floating Rate ETF by 15.4% in the first quarter. Kensington Asset Management LLC now owns 2,989,379 shares of the company’s stock valued at $76,169,000 after purchasing an additional 399,928 shares in the last quarter. Royal Fund Management LLC raised its holdings in shares of VanEck IG Floating Rate ETF by 6.7% in the first quarter. Royal Fund Management LLC now owns 36,400 shares of the company’s stock worth $927,000 after acquiring an additional 2,282 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of VanEck IG Floating Rate ETF by 7.9% in the first quarter. Bank of America Corp DE now owns 1,694,850 shares of the company’s stock worth $43,185,000 after acquiring an additional 123,390 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in shares of VanEck IG Floating Rate ETF by 6.6% in the first quarter. Arkadios Wealth Advisors now owns 50,275 shares of the company’s stock worth $1,281,000 after acquiring an additional 3,131 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of VanEck IG Floating Rate ETF by 103.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,015 shares of the company’s stock worth $26,000 after acquiring an additional 516 shares during the last quarter.

VanEck IG Floating Rate ETF Stock Down 0.0%

Shares of NYSEARCA FLTR opened at $25.57 on Friday. VanEck IG Floating Rate ETF has a 12-month low of $25.34 and a 12-month high of $25.59. The firm’s 50-day moving average is $25.49 and its two-hundred day moving average is $25.50.

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.