VanEck International High Yield Bond ETF (NYSEARCA:IHY) Short Interest Down 41.3% in May

VanEck International High Yield Bond ETF (NYSEARCA:IHY) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 7,618 shares, a decrease of 41.3% from the May 14th total of 12,976 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 19,386 shares, the days-to-cover ratio is currently 0.4 days.

VanEck International High Yield Bond ETF Stock Up 0.3%

VanEck International High Yield Bond ETF stock traded up $0.06 during mid-day trading on Monday, reaching $21.84. 51,911 shares of the company’s stock traded hands, compared to its average volume of 21,375. The company has a market cap of $50.23 million, a price-to-earnings ratio of 62.17 and a beta of 0.41. The stock has a 50 day moving average of $21.79 and a two-hundred day moving average of $21.90. VanEck International High Yield Bond ETF has a 12-month low of $21.18 and a 12-month high of $22.50.

Institutional Investors Weigh In On VanEck International High Yield Bond ETF

Hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp raised its stake 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 in the last quarter. Banque Cantonale Vaudoise raised its stake in VanEck International High Yield Bond ETF by 17.5% during the third quarter. Banque Cantonale Vaudoise now owns 3,374 shares of the company’s stock valued at $75,000 after purchasing an additional 503 shares in the last quarter. Bank of America Corp DE raised its stake in VanEck International High Yield Bond ETF by 7.1% during the second quarter. Bank of America Corp DE now owns 9,165 shares of the company’s stock valued at $202,000 after purchasing an additional 610 shares in the last quarter. Flow Traders U.S. LLC bought a new position in VanEck International High Yield Bond ETF during the second quarter valued at $272,000. Finally, Osaic Holdings Inc. increased its position in VanEck International High Yield Bond ETF by 5.1% during the second quarter. Osaic Holdings Inc. now owns 14,469 shares of the company’s stock valued at $319,000 after acquiring an additional 700 shares during the last quarter.

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.