Short Interest in VanEck Short High Yield Muni ETF (BATS:SHYD) Drops By 71.9%

VanEck Short High Yield Muni ETF (BATS:SHYD) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 43,314 shares, a drop of 71.9% from the May 31st total of 153,964 shares. Based on an average daily volume of 115,932 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On VanEck Short High Yield Muni ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV boosted its holdings in VanEck Short High Yield Muni ETF by 37.7% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,662,987 shares of the company’s stock valued at $38,082,000 after acquiring an additional 455,059 shares during the period. Raymond James Financial Inc. increased its stake in VanEck Short High Yield Muni ETF by 213.1% during the second 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 during the period. Wells Fargo & Company MN increased its stake in VanEck Short High Yield Muni ETF by 16.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,484,974 shares of the company’s stock worth $34,021,000 after purchasing an additional 205,301 shares during the period. Jane Street Group LLC purchased a new stake in VanEck Short High Yield Muni ETF during the second quarter worth about $3,078,000. Finally, Bank of America Corp DE lifted its position in shares of VanEck Short High Yield Muni ETF by 17.0% during the third quarter. Bank of America Corp DE now owns 644,738 shares of the company’s stock worth $14,764,000 after purchasing an additional 93,700 shares in the last quarter.

VanEck Short High Yield Muni ETF Price Performance

Shares of BATS SHYD opened at $22.92 on Monday. The business’s 50 day moving average is $22.74 and its two-hundred day moving average is $22.84. VanEck Short High Yield Muni ETF has a 52-week low of $22.31 and a 52-week 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.