VanEck Vectors Investment Grade Floating Rate Bond ETF (FLTR) Short Interest Down 93.3% in October

VanEck Vectors Investment Grade Floating Rate Bond ETF (NYSEARCA:FLTR) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 61,358 shares, a drop of 93.3% from the October 15th total of 912,957 shares. Based on an average daily volume of 147,063 shares, the days-to-cover ratio is presently 0.4 days.

Hedge funds have recently modified their holdings of the business. UBS Group AG lifted its stake in shares of VanEck Vectors Investment Grade Floating Rate Bond ETF by 16.3% in the 1st quarter. UBS Group AG now owns 44,864 shares of the company’s stock valued at $1,133,000 after acquiring an additional 6,278 shares during the last quarter. Guggenheim Capital LLC bought a new position in shares of VanEck Vectors Investment Grade Floating Rate Bond ETF in the 1st quarter valued at $1,117,000. Bank of Montreal Can bought a new position in shares of VanEck Vectors Investment Grade Floating Rate Bond ETF in the 2nd quarter valued at $484,000. Cornerstone Wealth Management LLC bought a new position in shares of VanEck Vectors Investment Grade Floating Rate Bond ETF in the 2nd quarter valued at $4,031,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of VanEck Vectors Investment Grade Floating Rate Bond ETF in the 2nd quarter valued at $1,111,000.

Shares of FLTR stock opened at $25.20 on Thursday. VanEck Vectors Investment Grade Floating Rate Bond ETF has a fifty-two week low of $25.17 and a fifty-two week high of $25.41.

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 7th. Shareholders of record on Friday, November 2nd were issued a $0.0583 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Thursday, November 1st.

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