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

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 112,980 shares, an increase of 86.0% from the November 30th total of 60,741 shares. Based on an average trading volume of 690,737 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 690,737 shares, the days-to-cover ratio is presently 0.2 days.

VanEck IG Floating Rate ETF Price Performance

FLTR opened at $25.54 on Friday. The company’s 50 day simple moving average is $25.50 and its 200 day simple moving average is $25.50. VanEck IG Floating Rate ETF has a 1 year low of $24.59 and a 1 year 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 the company. Wealthfront Advisers LLC raised its position in shares of VanEck IG Floating Rate ETF by 182.0% in the 2nd quarter. Wealthfront Advisers LLC now owns 5,159,089 shares of the company’s stock worth $131,557,000 after buying an additional 3,329,539 shares during the period. Elevatus Welath Management purchased a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter worth about $11,199,000. Jane Street Group LLC purchased a new position in shares of VanEck IG Floating Rate ETF in the 1st quarter worth about $10,991,000. Kingsview Wealth Management LLC acquired a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at about $10,781,000. Finally, Keudell Morrison Wealth Management grew its holdings in shares of VanEck IG Floating Rate ETF by 35.3% during the 2nd quarter. Keudell Morrison Wealth Management now owns 1,609,862 shares of the company’s stock worth $41,051,000 after purchasing an additional 420,374 shares during the period.

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.