VanEck IG Floating Rate ETF (NYSEARCA:FLTR – Get 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
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.
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