Short Interest in VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Decreases By 51.5%

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

VanEck IG Floating Rate ETF Stock Performance

FLTR stock traded up $0.01 during trading on Tuesday, hitting $25.57. The company had a trading volume of 1,697,197 shares, compared to its average volume of 989,754. The business has a 50 day moving average of $25.56 and a 200 day moving average of $25.52. VanEck IG Floating Rate ETF has a fifty-two week low of $25.34 and a fifty-two week high of $25.61.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its holdings in VanEck IG Floating Rate ETF by 130.0% during the second quarter. NewEdge Advisors LLC now owns 4,600 shares of the company’s stock worth $118,000 after purchasing an additional 2,600 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of VanEck IG Floating Rate ETF by 32.6% in the second quarter. IFP Advisors Inc now owns 50,812 shares of the company’s stock valued at $1,301,000 after buying an additional 12,501 shares during the period. Allworth Financial LP lifted its holdings in shares of VanEck IG Floating Rate ETF by 182.9% in the second quarter. Allworth Financial LP now owns 2,246 shares of the company’s stock valued at $58,000 after buying an additional 1,452 shares during the period. Tucker Asset Management LLC boosted its stake in VanEck IG Floating Rate ETF by 113.1% during the second quarter. Tucker Asset Management LLC now owns 26,904 shares of the company’s stock valued at $689,000 after buying an additional 14,281 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in VanEck IG Floating Rate ETF during the second quarter worth about $414,000.

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.