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

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 1,383,736 shares, a growth of 825.9% from the January 15th total of 149,448 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily trading volume, of 902,629 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily trading volume, of 902,629 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. All Terrain Financial Advisors LLC lifted its stake in VanEck IG Floating Rate ETF by 4.8% during the second quarter. All Terrain Financial Advisors LLC now owns 179,894 shares of the company’s stock worth $4,587,000 after purchasing an additional 8,176 shares during the last quarter. Insigneo Advisory Services LLC increased its position in shares of VanEck IG Floating Rate ETF by 4.2% during the 2nd quarter. Insigneo Advisory Services LLC now owns 70,867 shares of the company’s stock valued at $1,807,000 after purchasing an additional 2,850 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of VanEck IG Floating Rate ETF by 20.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 215,487 shares of the company’s stock valued at $5,495,000 after buying an additional 35,967 shares in the last quarter. WealthPlan Investment Management LLC raised its holdings in shares of VanEck IG Floating Rate ETF by 17.2% during the 2nd quarter. WealthPlan Investment Management LLC now owns 404,710 shares of the company’s stock valued at $10,320,000 after buying an additional 59,394 shares in the last quarter. Finally, Centurion Wealth Management LLC bought a new stake in VanEck IG Floating Rate ETF in the 3rd quarter worth approximately $511,000.

VanEck IG Floating Rate ETF Stock Down 0.0%

VanEck IG Floating Rate ETF stock traded down $0.01 during mid-day trading on Wednesday, reaching $25.53. The company’s stock had a trading volume of 893,932 shares, compared to its average volume of 846,280. The firm’s fifty day moving average price is $25.51 and its two-hundred day moving average price is $25.51. VanEck IG Floating Rate ETF has a 12-month low of $24.59 and a 12-month high of $25.59.

VanEck IG Floating Rate ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.0947 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, February 2nd.

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.