VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Short Interest Update

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,833,411 shares, a drop of 40.9% from the July 15th total of 3,099,754 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 1,373,087 shares, the days-to-cover ratio is currently 1.3 days.

VanEck IG Floating Rate ETF Stock Performance

Shares of VanEck IG Floating Rate ETF stock opened at $25.55 on Monday. VanEck IG Floating Rate ETF has a twelve month low of $25.34 and a twelve month high of $25.61. The business’s fifty day moving average price is $25.56 and its 200 day moving average price is $25.52.

Hedge Funds Weigh In On VanEck IG Floating Rate ETF

A number of large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new stake in VanEck IG Floating Rate ETF during the 1st quarter worth approximately $1,969,000. JPMorgan Chase & Co. raised its holdings in VanEck IG Floating Rate ETF by 53.2% in the second quarter. JPMorgan Chase & Co. now owns 52,140 shares of the company’s stock valued at $1,330,000 after buying an additional 18,103 shares during the period. Raymond James Financial Inc. lifted its position in VanEck IG Floating Rate ETF by 5.1% during the second quarter. Raymond James Financial Inc. now owns 1,680,949 shares of the company’s stock valued at $42,864,000 after buying an additional 81,597 shares in the last quarter. Vista Investment Management grew its stake in VanEck IG Floating Rate ETF by 8.0% during the second quarter. Vista Investment Management now owns 255,518 shares of the company’s stock worth $6,516,000 after buying an additional 18,862 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in VanEck IG Floating Rate ETF by 53.2% during the second quarter. Ameriprise Financial Inc. now owns 512,181 shares of the company’s stock worth $12,851,000 after buying an additional 177,757 shares during the period.

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.