VanEck International High Yield Bond ETF (NYSEARCA:IHY) Short Interest Update
by Doug Wharley · The Cerbat GemVanEck International High Yield Bond ETF (NYSEARCA:IHY – Get Free Report) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 12,976 shares, a growth of 138.5% from the April 30th total of 5,441 shares. Based on an average daily trading volume, of 40,997 shares, the short-interest ratio is presently 0.3 days. Approximately 0.6% of the company’s stock are short sold.
VanEck International High Yield Bond ETF Stock Performance
Shares of NYSEARCA IHY traded up $0.09 during mid-day trading on Friday, reaching $21.92. 3,547 shares of the company traded hands, compared to its average volume of 22,663. The stock has a market cap of $50.42 million, a PE ratio of 62.17 and a beta of 0.42. The company’s fifty day moving average is $21.72 and its two-hundred day moving average is $21.91. VanEck International High Yield Bond ETF has a fifty-two week low of $21.18 and a fifty-two week high of $22.50.
Institutional Investors Weigh In On VanEck International High Yield Bond ETF
Large investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its holdings in VanEck International High Yield Bond ETF by 45.0% during the first quarter. Jones Financial Companies Lllp now owns 2,850 shares of the company’s stock valued at $60,000 after purchasing an additional 884 shares during the last quarter. Banque Cantonale Vaudoise lifted its stake in shares of VanEck International High Yield Bond ETF by 17.5% in the third quarter. Banque Cantonale Vaudoise now owns 3,374 shares of the company’s stock worth $75,000 after buying an additional 503 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of VanEck International High Yield Bond ETF by 7.1% during the 2nd quarter. Bank of America Corp DE now owns 9,165 shares of the company’s stock worth $202,000 after buying an additional 610 shares during the period. Flow Traders U.S. LLC acquired a new position in VanEck International High Yield Bond ETF in the 2nd quarter valued at $272,000. Finally, Osaic Holdings Inc. grew its stake in VanEck International High Yield Bond ETF by 5.1% in the 2nd quarter. Osaic Holdings Inc. now owns 14,469 shares of the company’s stock valued at $319,000 after buying an additional 700 shares during the last quarter.
About VanEck International High Yield Bond ETF
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.