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

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 250,000 shares, a decline of 34.5% from the September 30th total of 381,600 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 730,000 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 730,000 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of VanEck IG Floating Rate ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ORBA Wealth Advisors L.L.C. purchased a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter worth approximately $278,000. Tidemark LLC boosted its stake in shares of VanEck IG Floating Rate ETF by 4.7% in the 3rd quarter. Tidemark LLC now owns 112,677 shares of the company’s stock worth $2,881,000 after buying an additional 5,036 shares during the last quarter. Howard Wealth Management LLC boosted its stake in shares of VanEck IG Floating Rate ETF by 10.5% in the 3rd quarter. Howard Wealth Management LLC now owns 83,469 shares of the company’s stock worth $2,134,000 after buying an additional 7,914 shares during the last quarter. Sovran Advisors LLC boosted its stake in shares of VanEck IG Floating Rate ETF by 52.0% in the 3rd quarter. Sovran Advisors LLC now owns 200,630 shares of the company’s stock worth $5,128,000 after buying an additional 68,673 shares during the last quarter. Finally, Acorn Wealth Advisors LLC boosted its stake in shares of VanEck IG Floating Rate ETF by 8.2% in the 3rd quarter. Acorn Wealth Advisors LLC now owns 11,195 shares of the company’s stock worth $286,000 after buying an additional 853 shares during the last quarter.

VanEck IG Floating Rate ETF Stock Performance

FLTR traded down $0.02 during midday trading on Tuesday, reaching $25.44. 478,673 shares of the company were exchanged, compared to its average volume of 970,330. The company’s fifty day moving average price is $25.52 and its 200 day moving average price is $25.47. VanEck IG Floating Rate ETF has a one year low of $24.59 and a one year high of $25.59.

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.