Short Interest in VanEck International High Yield Bond ETF (NYSEARCA:IHY) Decreases By 28.6%

VanEck International High Yield Bond ETF (NYSEARCA:IHY) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 22,700 shares, a decrease of 28.6% from the September 30th total of 31,800 shares. Based on an average daily trading volume, of 16,200 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.0% of the shares of the stock are short sold. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,200 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Trading of VanEck International High Yield Bond ETF

Several large investors have recently modified their holdings of IHY. Bank of America Corp DE raised its position 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 purchasing an additional 610 shares during the last quarter. Osaic Holdings Inc. increased its position in VanEck International High Yield Bond ETF by 5.1% during the 2nd quarter. Osaic Holdings Inc. now owns 14,469 shares of the company’s stock worth $319,000 after purchasing an additional 700 shares in the last quarter. Jones Financial Companies Lllp raised its stake in VanEck International High Yield Bond ETF by 45.0% in the 1st 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. Hennion & Walsh Asset Management Inc. lifted its holdings in VanEck International High Yield Bond ETF by 6.9% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 17,024 shares of the company’s stock valued at $377,000 after purchasing an additional 1,092 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of VanEck International High Yield Bond ETF during the 1st quarter worth about $60,000.

VanEck International High Yield Bond ETF Price Performance

Shares of IHY stock traded down $0.14 during midday trading on Monday, reaching $21.85. 46,970 shares of the company traded hands, compared to its average volume of 18,319. The firm’s 50 day simple moving average is $22.07 and its two-hundred day simple moving average is $21.84. The firm has a market cap of $48.07 million, a PE ratio of 62.17 and a beta of 0.43. VanEck International High Yield Bond ETF has a 1-year low of $20.23 and a 1-year high of $22.43.

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.