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

VanEck International High Yield Bond ETF (NYSEARCA:IHY) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 3,108 shares, a growth of 55.5% from the July 15th total of 1,999 shares. Based on an average daily trading volume, of 9,820 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

VanEck International High Yield Bond ETF Stock Performance

Shares of NYSEARCA:IHY opened at $21.73 on Thursday. The firm has a fifty day moving average price of $21.63 and a 200 day moving average price of $21.76. VanEck International High Yield Bond ETF has a fifty-two week low of $21.18 and a fifty-two week high of $22.50. The firm has a market cap of $43.46 million, a price-to-earnings ratio of 62.17 and a beta of 0.41.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC grew its position in shares of VanEck International High Yield Bond ETF by 12.6% during 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 in the last quarter. Comprehensive Money Management Services LLC boosted its stake in VanEck International High Yield Bond ETF by 11.3% during the first quarter. Comprehensive Money Management Services LLC now owns 78,132 shares of the company’s stock valued at $1,676,000 after buying an additional 7,928 shares during the last quarter. Brookstone Capital Management bought a new position in VanEck International High Yield Bond ETF during the first quarter valued at approximately $519,000. Jane Street Group LLC grew its holdings in VanEck International High Yield Bond ETF by 262.9% during the 4th quarter. Jane Street Group LLC now owns 33,521 shares of the company’s stock valued at $737,000 after buying an additional 24,283 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in VanEck International High Yield Bond ETF by 4.6% during the 4th quarter. LPL Financial LLC now owns 60,460 shares of the company’s stock valued at $1,330,000 after buying an additional 2,647 shares in the last quarter.

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.