VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Sees Significant Decrease in Short Interest

VanEck IG Floating Rate ETF (NYSEARCA:FLTRGet Free Report) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 473,411 shares, a drop of 46.5% from the February 26th total of 884,234 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 682,656 shares, the days-to-cover ratio is presently 0.7 days.

VanEck IG Floating Rate ETF Trading Down 0.1%

VanEck IG Floating Rate ETF stock opened at $25.46 on Friday. VanEck IG Floating Rate ETF has a 52 week low of $24.59 and a 52 week high of $25.59. The business’s 50-day simple moving average is $25.52 and its 200-day simple moving average is $25.51.

VanEck IG Floating Rate ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.086 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC bought a new stake in shares of VanEck IG Floating Rate ETF in the fourth quarter valued at approximately $30,000. Ameritas Advisory Services LLC acquired a new position in VanEck IG Floating Rate ETF during the 3rd quarter valued at $38,000. Tsfg LLC acquired a new position in VanEck IG Floating Rate ETF during the 3rd quarter valued at $39,000. Family Management Corp bought a new stake in VanEck IG Floating Rate ETF in the 3rd quarter valued at $45,000. Finally, CWM LLC boosted its holdings in VanEck IG Floating Rate ETF by 554.3% in the 3rd quarter. CWM LLC now owns 1,819 shares of the company’s stock valued at $47,000 after purchasing an additional 1,541 shares during the period.

VanEck IG Floating Rate ETF Company Profile

(Get Free Report)

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.

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