Short Interest in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Decreases By 34.5%

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 250,000 shares, a decline of 34.5% from the September 30th total of 381,600 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 730,000 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 730,000 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

VanEck IG Floating Rate ETF Price Performance

Shares of NYSEARCA FLTR traded down $0.10 during trading on Monday, hitting $25.45. 1,567,949 shares of the company were exchanged, compared to its average volume of 972,791. VanEck IG Floating Rate ETF has a 1 year low of $24.59 and a 1 year high of $25.59. The firm’s fifty day moving average price is $25.52 and its 200 day moving average price is $25.47.

Institutional Investors Weigh In On VanEck IG Floating Rate ETF

Several institutional investors have recently made changes to their positions in the stock. Tidemark LLC boosted its position in shares of VanEck IG Floating Rate ETF by 4.7% during the 3rd quarter. Tidemark LLC now owns 112,677 shares of the company’s stock worth $2,881,000 after purchasing an additional 5,036 shares in the last quarter. Howard Wealth Management LLC boosted its position in shares of VanEck IG Floating Rate ETF by 10.5% during the 3rd quarter. Howard Wealth Management LLC now owns 83,469 shares of the company’s stock worth $2,134,000 after purchasing an additional 7,914 shares in the last quarter. Sovran Advisors LLC boosted its position in shares of VanEck IG Floating Rate ETF by 52.0% during the 3rd quarter. Sovran Advisors LLC now owns 200,630 shares of the company’s stock worth $5,128,000 after purchasing an additional 68,673 shares in the last quarter. Acorn Wealth Advisors LLC boosted its position in shares of VanEck IG Floating Rate ETF by 8.2% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 11,195 shares of the company’s stock worth $286,000 after purchasing an additional 853 shares in the last quarter. Finally, Parsons Capital Management Inc. RI boosted its position in shares of VanEck IG Floating Rate ETF by 11.5% during the 3rd quarter. Parsons Capital Management Inc. RI now owns 417,575 shares of the company’s stock worth $10,677,000 after purchasing an additional 42,984 shares in the last quarter.

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.