VanEck IG Floating Rate ETF (NYSEARCA:FLTR – Get Free Report) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 2,137,860 shares, a drop of 36.0% from the September 15th total of 3,341,471 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily volume of 1,721,954 shares, the short-interest ratio is presently 1.2 days.
Institutional Trading of VanEck IG Floating Rate ETF
Several institutional investors have recently added to or reduced their stakes in the company. Liberty Square Wealth Partners LLC increased its stake in VanEck IG Floating Rate ETF by 1.2% in the 1st quarter. Liberty Square Wealth Partners LLC now owns 41,287 shares of the company’s stock worth $1,052,000 after buying an additional 508 shares during the period. EverSource Wealth Advisors LLC boosted its stake in 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 valued at $26,000 after acquiring an additional 516 shares in the last quarter. Assetmark Inc. grew its stake in VanEck IG Floating Rate ETF by 126.6% during the 1st quarter. Assetmark Inc. now owns 1,659 shares of the company’s stock worth $42,000 after buying an additional 927 shares during the last quarter. KFA Private Wealth Group LLC grew its stake in shares of VanEck IG Floating Rate ETF by 0.5% during the first quarter. KFA Private Wealth Group LLC now owns 193,780 shares of the company’s stock worth $4,938,000 after acquiring an additional 960 shares during the last quarter. Finally, Whittier Trust Co. purchased a new stake in VanEck IG Floating Rate ETF during the 1st quarter worth approximately $25,000.
VanEck IG Floating Rate ETF Stock Performance
NYSEARCA FLTR opened at $25.56 on Friday. The business has a 50 day simple moving average of $25.56 and a two-hundred day simple moving average of $25.54. VanEck IG Floating Rate ETF has a 1-year low of $25.35 and a 1-year high of $25.61.
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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