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

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 644,387 shares, a decline of 51.5% from the August 15th total of 1,329,259 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 1,281,603 shares, the short-interest ratio is currently 0.5 days.

VanEck IG Floating Rate ETF Stock Performance

Shares of FLTR remained flat at $25.57 during trading hours on Wednesday. The company had a trading volume of 1,758,069 shares, compared to its average volume of 994,095. VanEck IG Floating Rate ETF has a 52-week low of $25.34 and a 52-week high of $25.61. The stock has a 50-day moving average price of $25.56 and a 200-day moving average price of $25.52.

Institutional Investors Weigh In On VanEck IG Floating Rate ETF

Large investors have recently modified their holdings of the business. Liberty Square Wealth Partners LLC increased its holdings in shares of VanEck IG Floating Rate ETF by 1.2% in the 1st quarter. Liberty Square Wealth Partners LLC now owns 41,287 shares of the company’s stock valued at $1,052,000 after acquiring an additional 508 shares during the period. EverSource Wealth Advisors LLC boosted 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 worth $26,000 after purchasing an additional 516 shares during the period. Assetmark Inc. grew its position in VanEck IG Floating Rate ETF by 126.6% during the 1st quarter. Assetmark Inc. now owns 1,659 shares of the company’s stock worth $42,000 after purchasing an additional 927 shares during the last quarter. KFA Private Wealth Group LLC grew its position in VanEck IG Floating Rate ETF by 0.5% during the 1st quarter. KFA Private Wealth Group LLC now owns 193,780 shares of the company’s stock worth $4,938,000 after purchasing an additional 960 shares during the last quarter. Finally, Whittier Trust Co. acquired a new position in VanEck IG Floating Rate ETF in the first quarter valued at $25,000.

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.