Short Interest in VanEck Short High Yield Muni ETF (BATS:SHYD) Drops By 40.9%

VanEck Short High Yield Muni ETF (BATS:SHYD) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 25,619 shares, a decline of 40.9% from the June 15th total of 43,314 shares. Based on an average trading volume of 135,849 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of VanEck Short High Yield Muni ETF

Several hedge funds and other institutional investors have recently modified their holdings of SHYD. Fifth Third Securities Inc. bought a new position in VanEck Short High Yield Muni ETF in the 4th quarter worth about $859,000. Hamilton Wealth LLC grew its holdings in VanEck Short High Yield Muni ETF by 44.6% during the 4th quarter. Hamilton Wealth LLC now owns 101,978 shares of the company’s stock valued at $2,336,000 after buying an additional 31,442 shares in the last quarter. Diversify Wealth Management LLC purchased a new position in VanEck Short High Yield Muni ETF during the 1st quarter valued at about $941,000. Sage Financial Group Inc. bought a new stake in shares of VanEck Short High Yield Muni ETF during the fourth quarter valued at about $1,378,000. Finally, UBS Group AG increased its position in shares of VanEck Short High Yield Muni ETF by 43.6% during the fourth quarter. UBS Group AG now owns 226,793 shares of the company’s stock valued at $5,196,000 after buying an additional 68,907 shares during the period.

VanEck Short High Yield Muni ETF Price Performance

BATS SHYD opened at $22.77 on Friday. VanEck Short High Yield Muni ETF has a 52 week low of $22.31 and a 52 week high of $24.03. The firm’s 50-day simple moving average is $22.77 and its two-hundred day simple moving average is $22.83.

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.