VanEck BDC Income ETF (NYSEARCA:BIZD) Stock Short Interest Climbs 134.5%

VanEck BDC Income ETF (NYSEARCA:BIZD) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 5,898,447 shares, a growth of 134.5% from the August 31st total of 2,515,130 shares. Currently, 4.9% of the shares of the company are sold short. Based on an average daily volume of 3,071,822 shares, the short-interest ratio is currently 1.9 days.

VanEck BDC Income ETF Price Performance

NYSEARCA:BIZD traded down $0.04 during trading hours on Monday, hitting $12.87. 2,583,620 shares of the company were exchanged, compared to its average volume of 3,367,560. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 11.32 and a beta of 0.65. VanEck BDC Income ETF has a 52-week low of $11.97 and a 52-week high of $15.12. The company’s 50 day moving average price is $13.06 and its 200-day moving average price is $12.78.

Institutional Investors Weigh In On VanEck BDC Income ETF

Large investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in VanEck BDC Income ETF by 30.8% in the 1st quarter. Bank of America Corp DE now owns 7,624,033 shares of the company’s stock worth $97,588,000 after acquiring an additional 1,794,136 shares during the last quarter. Quantum Portfolio Management LLC acquired a new position in shares of VanEck BDC Income ETF in the first quarter valued at about $42,000. Cambridge Associates LLC MA ADV raised its stake in shares of VanEck BDC Income ETF by 38.7% in the first quarter. Cambridge Associates LLC MA ADV now owns 2,424,628 shares of the company’s stock worth $31,035,000 after purchasing an additional 676,672 shares during the last quarter. Independent Financial Group LLC purchased a new position in shares of VanEck BDC Income ETF in the first quarter worth about $13,576,000. Finally, Bard Associates Inc. raised its stake in shares of VanEck BDC Income ETF by 12.1% in the fourth quarter. Bard Associates Inc. now owns 749,444 shares of the company’s stock worth $10,627,000 after purchasing an additional 80,663 shares during the last quarter.

VanEck BDC Income ETF Company Profile

The VanEck BDC Income ETF (BIZD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a market cap-weighted index of US BDC companies whose principal business is to invest in, lend capital to, or provide services to privately held companies. BIZD was launched on Feb 12, 2013 and is managed by VanEck.