VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sees Large Growth in Short Interest

VanEck IG Floating Rate ETF (NYSEARCA:FLTRGet Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 1,809,627 shares, a growth of 737.5% from the April 30th total of 216,072 shares. Based on an average trading volume of 947,121 shares, the short-interest ratio is presently 1.9 days. Currently, 1.7% of the shares of the company are short sold.

VanEck IG Floating Rate ETF Trading Down 0.0%

Shares of FLTR stock traded down $0.01 on Friday, hitting $25.57. The company’s stock had a trading volume of 764,118 shares, compared to its average volume of 827,982. The stock’s 50 day moving average is $25.49 and its 200-day moving average is $25.50. VanEck IG Floating Rate ETF has a fifty-two week low of $25.34 and a fifty-two week high of $25.59.

Institutional Trading of VanEck IG Floating Rate ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FLTR. Whittier Trust Co. acquired a new stake in VanEck IG Floating Rate ETF during the 1st quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its stake in VanEck IG Floating Rate ETF by 103.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,015 shares of the company’s stock valued at $26,000 after purchasing an additional 516 shares in the last quarter. CIBC Private Wealth Group LLC bought a new stake in VanEck IG Floating Rate ETF during the 4th quarter valued at $30,000. Ameritas Advisory Services LLC bought a new stake in VanEck IG Floating Rate ETF during the 3rd quarter valued at $38,000. Finally, Tsfg LLC purchased a new position in VanEck IG Floating Rate ETF during the 3rd quarter worth $39,000.

About VanEck IG Floating Rate ETF

(Get Free Report)

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.

See Also

Receive News & Ratings for VanEck IG Floating Rate ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck IG Floating Rate ETF and related companies with MarketBeat.com's FREE daily email newsletter.