VanEck International High Yield Bond ETF (NYSEARCA:IHY) Short Interest Update

VanEck International High Yield Bond ETF (NYSEARCA:IHY) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 14,809 shares, a drop of 53.6% from the December 15th total of 31,931 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 12,534 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 12,534 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.7% of the company’s shares are sold short.

Institutional Trading of VanEck International High Yield Bond ETF

A number of hedge funds have recently added to or reduced their stakes in IHY. Jones Financial Companies Lllp grew its holdings in VanEck International High Yield Bond ETF by 45.0% during the 1st quarter. Jones Financial Companies Lllp now owns 2,850 shares of the company’s stock worth $60,000 after acquiring an additional 884 shares in the last quarter. Banque Cantonale Vaudoise lifted its position in shares of VanEck International High Yield Bond ETF by 17.5% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,374 shares of the company’s stock worth $75,000 after purchasing an additional 503 shares during the period. Bank of America Corp DE boosted its stake in shares of VanEck International High Yield Bond ETF by 7.1% during the second quarter. Bank of America Corp DE now owns 9,165 shares of the company’s stock valued at $202,000 after purchasing an additional 610 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in VanEck International High Yield Bond ETF during the second quarter valued at approximately $272,000. Finally, BTS Asset Management Inc. purchased a new position in VanEck International High Yield Bond ETF during the second quarter valued at approximately $302,000.

VanEck International High Yield Bond ETF Price Performance

Shares of IHY stock traded down $0.02 during mid-day trading on Friday, hitting $22.03. The stock had a trading volume of 14,746 shares, compared to its average volume of 19,313. VanEck International High Yield Bond ETF has a 12-month low of $20.23 and a 12-month high of $22.43. The firm has a market capitalization of $48.47 million, a P/E ratio of 62.17 and a beta of 0.43. The firm’s 50-day moving average is $21.97 and its two-hundred day moving average is $22.00.

VanEck International High Yield Bond ETF Company Profile

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.