VanEck International High Yield Bond ETF (NYSEARCA:IHY) Short Interest Up 138.5% in May

by · The Markets Daily

VanEck International High Yield Bond ETF (NYSEARCA:IHY – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 12,976 shares, an increase of 138.5% from the April 30th total of 5,441 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 40,997 shares, the short-interest ratio is currently 0.3 days.

VanEck International High Yield Bond ETF Stock Down 0.6%

Shares of NYSEARCA:IHY traded down $0.14 during midday trading on Monday, reaching $21.78. The company’s stock had a trading volume of 3,386 shares, compared to its average volume of 22,476. The firm has a market cap of $50.09 million, a price-to-earnings ratio of 62.17 and a beta of 0.42. VanEck International High Yield Bond ETF has a 1 year low of $21.18 and a 1 year high of $22.50. The business has a 50 day moving average price of $21.72 and a 200 day moving average price of $21.91.

Institutional Investors Weigh In On VanEck International High Yield Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC grew its position in shares of VanEck International High Yield Bond ETF by 12.6% in the first quarter. Sound Income Strategies LLC now owns 58,074 shares of the company’s stock valued at $1,243,000 after purchasing an additional 6,481 shares during the period. Comprehensive Money Management Services LLC grew its position in shares of VanEck International High Yield Bond ETF by 11.3% in the first quarter. Comprehensive Money Management Services LLC now owns 78,132 shares of the company’s stock valued at $1,676,000 after purchasing an additional 7,928 shares during the period. Brookstone Capital Management purchased a new stake in shares of VanEck International High Yield Bond ETF in the first quarter valued at $519,000. Jane Street Group LLC grew its position in shares of VanEck International High Yield Bond ETF by 262.9% in the fourth quarter. Jane Street Group LLC now owns 33,521 shares of the company’s stock valued at $737,000 after purchasing an additional 24,283 shares during the period. Finally, LPL Financial LLC grew its position in VanEck International High Yield Bond ETF by 4.6% during the fourth quarter. LPL Financial LLC now owns 60,460 shares of the company’s stock valued at $1,330,000 after acquiring an additional 2,647 shares during the period.

About VanEck International High Yield Bond ETF

(Get Free Report)

The VanEck International High Yield Bond ETF (IHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of international corporate bonds rated below investment grade and denominated in developed-market currencies. IHY was launched on Apr 2, 2012 and is managed by VanEck.

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