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

VanEck International High Yield Bond ETF (NYSEARCA:IHY) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 2,527 shares, a drop of 62.7% from the June 15th total of 6,769 shares. Based on an average daily trading volume, of 7,295 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On VanEck International High Yield Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IHY. Jones Financial Companies Lllp lifted its position in VanEck International High Yield Bond ETF by 45.0% during the first 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. Banque Cantonale Vaudoise increased its holdings in shares of VanEck International High Yield Bond ETF by 17.5% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,374 shares of the company’s stock worth $75,000 after buying an additional 503 shares during the last quarter. 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 valued at $202,000 after buying an additional 610 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of VanEck International High Yield Bond ETF during the 2nd quarter worth $272,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of 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 acquiring an additional 700 shares during the last quarter.

VanEck International High Yield Bond ETF Stock Up 0.5%

NYSEARCA:IHY traded up $0.10 during trading hours on Tuesday, hitting $21.59. 26,612 shares of the company’s stock traded hands, compared to its average volume of 19,393. VanEck International High Yield Bond ETF has a 52 week low of $21.18 and a 52 week high of $22.50. The business’s fifty day simple moving average is $21.73 and its two-hundred day simple moving average is $21.85. The firm has a market cap of $43.18 million, a P/E ratio of 62.17 and a beta of 0.41.

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.