VanEck Short High Yield Muni ETF (BATS:SHYD) Short Interest Up 541.4% in May

VanEck Short High Yield Muni ETF (BATS:SHYD) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 153,964 shares, an increase of 541.4% from the May 14th total of 24,005 shares. Based on an average daily volume of 98,965 shares, the short-interest ratio is currently 1.6 days. Currently, 1.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On VanEck Short High Yield Muni ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV grew its stake in shares of VanEck Short High Yield Muni ETF by 10.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,833,017 shares of the company’s stock valued at $41,994,000 after buying an additional 170,030 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of VanEck Short High Yield Muni ETF by 16.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,484,974 shares of the company’s stock valued at $34,021,000 after purchasing an additional 205,301 shares during the period. Bank of America Corp DE grew its stake in VanEck Short High Yield Muni ETF by 17.0% in the third quarter. Bank of America Corp DE now owns 644,738 shares of the company’s stock valued at $14,764,000 after purchasing an additional 93,700 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of VanEck Short High Yield Muni ETF by 5.9% during the 4th quarter. LPL Financial LLC now owns 335,339 shares of the company’s stock worth $7,683,000 after buying an additional 18,696 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of VanEck Short High Yield Muni ETF by 213.1% during the 2nd quarter. Raymond James Financial Inc. now owns 326,235 shares of the company’s stock worth $7,369,000 after purchasing an additional 222,045 shares in the last quarter.

VanEck Short High Yield Muni ETF Trading Up 0.1%

Shares of SHYD opened at $22.81 on Friday. The stock has a 50-day simple moving average of $22.70 and a 200-day simple moving average of $22.84. VanEck Short High Yield Muni ETF has a 1 year low of $22.31 and a 1 year high of $24.03.

About VanEck Short High Yield Muni ETF

The VanEck Short High Yield Muni ETF (SHYD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted US bond index composed of high-yield municipal bonds with 1-12 years remaining in maturity. SHYD was launched on Jan 13, 2014 and is managed by VanEck.