VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Short Interest Up 131.7% in December

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 261,801 shares, an increase of 131.7% from the December 15th total of 112,980 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 718,143 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 718,143 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On VanEck IG Floating Rate ETF

Hedge funds have recently bought and sold shares of the company. Spire Wealth Management boosted its position in VanEck IG Floating Rate ETF by 1,058.0% during the second quarter. Spire Wealth Management now owns 1,297 shares of the company’s stock worth $33,000 after purchasing an additional 1,185 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of VanEck IG Floating Rate ETF during the 3rd quarter worth $38,000. Tsfg LLC acquired a new position in shares of VanEck IG Floating Rate ETF during the 3rd quarter worth $39,000. Bogart Wealth LLC boosted its position in shares of VanEck IG Floating Rate ETF by 48.3% in the 2nd quarter. Bogart Wealth LLC now owns 1,749 shares of the company’s stock worth $45,000 after buying an additional 570 shares in the last quarter. Finally, Family Management Corp purchased a new stake in shares of VanEck IG Floating Rate ETF in the 3rd quarter worth about $45,000.

VanEck IG Floating Rate ETF Trading Up 0.0%

VanEck IG Floating Rate ETF stock traded up $0.01 during mid-day trading on Wednesday, reaching $25.51. The company had a trading volume of 121,523 shares, compared to its average volume of 724,851. VanEck IG Floating Rate ETF has a 1 year low of $24.59 and a 1 year high of $25.59. The stock’s 50-day simple moving average is $25.49 and its 200-day simple moving average is $25.50.

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.