VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Short Interest Down 32.3% in February

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 937,082 shares, a drop of 32.3% from the January 29th total of 1,383,736 shares. Based on an average daily volume of 824,746 shares, the short-interest ratio is presently 1.1 days. Currently, 0.9% of the company’s stock are sold short. Currently, 0.9% of the company’s stock are sold short. Based on an average daily volume of 824,746 shares, the short-interest ratio is presently 1.1 days.

VanEck IG Floating Rate ETF Price Performance

Shares of FLTR traded down $0.01 during mid-day trading on Tuesday, hitting $25.48. The stock had a trading volume of 747,495 shares, compared to its average volume of 837,544. The company’s fifty day simple moving average is $25.53 and its two-hundred day simple moving average is $25.52. VanEck IG Floating Rate ETF has a fifty-two week low of $24.59 and a fifty-two week high of $25.59.

VanEck IG Floating Rate ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd will be issued a $0.086 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%.

Hedge Funds Weigh In On VanEck IG Floating Rate ETF

Institutional investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC acquired a new stake in shares of VanEck IG Floating Rate ETF in the fourth quarter valued at approximately $30,000. Spire Wealth Management increased its position in VanEck IG Floating Rate ETF by 1,058.0% in the 2nd quarter. Spire Wealth Management now owns 1,297 shares of the company’s stock valued at $33,000 after acquiring an additional 1,185 shares during the period. Ameritas Advisory Services LLC acquired a new stake in VanEck IG Floating Rate ETF in the 3rd quarter valued at approximately $38,000. Tsfg LLC bought a new stake in VanEck IG Floating Rate ETF during the 3rd quarter valued at $39,000. Finally, Family Management Corp acquired a new position in VanEck IG Floating Rate ETF during the 3rd quarter worth $45,000.

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.