VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Shares Shorted: Short Interest Down 36.0% in September

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 2,137,860 shares, a decline of 36.0% from the September 15th total of 3,341,471 shares. Based on an average daily volume of 1,721,954 shares, the short-interest ratio is presently 1.2 days. Currently, 1.6% of the shares of the stock are sold short.

VanEck IG Floating Rate ETF Stock Performance

VanEck IG Floating Rate ETF stock opened at $25.56 on Friday. The business has a 50 day simple moving average of $25.56 and a 200-day simple moving average of $25.54. VanEck IG Floating Rate ETF has a 12 month low of $25.35 and a 12 month high of $25.61.

Hedge Funds Weigh In On VanEck IG Floating Rate ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Kensington Asset Management LLC boosted its position in shares of VanEck IG Floating Rate ETF by 15.4% during the 1st quarter. Kensington Asset Management LLC now owns 2,989,379 shares of the company’s stock valued at $76,169,000 after acquiring an additional 399,928 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of VanEck IG Floating Rate ETF by 7.9% in the first quarter. Bank of America Corp DE now owns 1,694,850 shares of the company’s stock valued at $43,185,000 after purchasing an additional 123,390 shares during the period. Insight Wealth Strategies LLC purchased a new position in shares of VanEck IG Floating Rate ETF in the third quarter valued at approximately $29,143,000. Lane Brothers & Co. Inc. boosted its position in VanEck IG Floating Rate ETF by 5.6% in the 1st quarter. Lane Brothers & Co. Inc. now owns 621,858 shares of the company’s stock valued at $15,845,000 after buying an additional 33,070 shares during the period. Finally, White Pine Investment CO acquired a new position in VanEck IG Floating Rate ETF during the 3rd quarter worth $15,055,000.

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.