VanEck IG Floating Rate ETF (NYSEARCA:FLTR) Short Interest Down 40.9% in July

VanEck IG Floating Rate ETF (NYSEARCA:FLTR) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 1,833,411 shares, a decline of 40.9% from the July 15th total of 3,099,754 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average trading volume of 1,373,087 shares, the days-to-cover ratio is currently 1.3 days.

VanEck IG Floating Rate ETF Stock Up 0.0%

VanEck IG Floating Rate ETF stock traded up $0.01 during trading on Tuesday, reaching $25.56. 1,176,960 shares of the company’s stock were exchanged, compared to its average volume of 942,965. VanEck IG Floating Rate ETF has a 52-week low of $25.34 and a 52-week high of $25.61. The company’s 50-day moving average is $25.56 and its two-hundred day moving average is $25.52.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Compass Financial Management LLC acquired a new stake in shares of VanEck IG Floating Rate ETF in the second quarter valued at about $8,171,000. Insight Wealth Strategies LLC acquired a new position in VanEck IG Floating Rate ETF during the 2nd quarter worth approximately $28,229,000. Ferguson Shapiro LLC acquired a new position in VanEck IG Floating Rate ETF during the 2nd quarter worth approximately $6,626,000. Focus Financial Network Inc. purchased a new position in VanEck IG Floating Rate ETF in the 2nd quarter worth approximately $4,266,000. Finally, First Heartland Consultants Inc. boosted its holdings in VanEck IG Floating Rate ETF by 4.7% in the 2nd quarter. First Heartland Consultants Inc. now owns 110,104 shares of the company’s stock worth $2,820,000 after acquiring an additional 4,985 shares during the period.

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.