VanEck Short High Yield Muni ETF (BATS:SHYD) Short Interest Up 176.5% in July

VanEck Short High Yield Muni ETF (BATS:SHYDGet Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 70,827 shares, a growth of 176.5% from the June 30th total of 25,619 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 81,632 shares, the short-interest ratio is presently 0.9 days.

VanEck Short High Yield Muni ETF Price Performance

SHYD traded up $0.09 during trading on Monday, hitting $22.68. 5,163 shares of the company traded hands, compared to its average volume of 96,592. VanEck Short High Yield Muni ETF has a one year low of $22.40 and a one year high of $24.03. The stock’s fifty day moving average is $22.77 and its 200 day moving average is $22.82.

Institutional Trading of VanEck Short High Yield Muni ETF

Several hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of VanEck Short High Yield Muni ETF during the 3rd quarter valued at $38,000. Allworth Financial LP raised its stake in VanEck Short High Yield Muni ETF by 34.6% in the 3rd quarter. Allworth Financial LP now owns 2,176 shares of the company’s stock valued at $50,000 after acquiring an additional 559 shares during the period. CWM LLC raised its stake in VanEck Short High Yield Muni ETF by 200.6% in the 4th quarter. CWM LLC now owns 4,046 shares of the company’s stock valued at $93,000 after acquiring an additional 2,700 shares during the period. JPMorgan Chase & Co. lifted its holdings in VanEck Short High Yield Muni ETF by 103.4% during the second quarter. JPMorgan Chase & Co. now owns 5,310 shares of the company’s stock valued at $120,000 after purchasing an additional 2,699 shares during the last quarter. Finally, Blueline Advisors LLC purchased a new stake in VanEck Short High Yield Muni ETF during the fourth quarter valued at about $131,000.

VanEck Short High Yield Muni ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for VanEck Short High Yield Muni ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Short High Yield Muni ETF and related companies with MarketBeat.com's FREE daily email newsletter.