VanEck IG Floating Rate ETF (NYSEARCA:FLTR – Get Free Report) was the target of a large decline in short interest during the month of 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 trading volume of 1,721,954 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.6% of the shares of the stock are short sold.
Institutional Investors Weigh In On VanEck IG Floating Rate ETF
A number of hedge funds have recently bought and sold shares of the business. Robertson Stephens Wealth Management LLC bought a new position in VanEck IG Floating Rate ETF during the third quarter valued at $346,000. AlphaStar Capital Management LLC purchased a new stake in shares of VanEck IG Floating Rate ETF during the 3rd quarter valued at about $8,709,000. Alpine Bank Wealth Management bought a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at about $209,000. RKL Wealth Management LLC bought a new position in shares of VanEck IG Floating Rate ETF in the 3rd quarter valued at about $586,000. Finally, Opal Wealth Advisors LLC purchased a new position in VanEck IG Floating Rate ETF in the third quarter worth about $1,070,000.
VanEck IG Floating Rate ETF Stock Down 0.0%
Shares of FLTR traded down $0.01 during mid-day trading on Friday, hitting $25.55. 2,371,954 shares of the stock were exchanged, compared to its average volume of 1,084,727. VanEck IG Floating Rate ETF has a 52-week low of $25.35 and a 52-week high of $25.61. The firm has a 50-day moving average of $25.56 and a two-hundred day moving average of $25.54.
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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