VanEck International High Yield Bond ETF (NYSEARCA:IHY – Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,639 shares, a decline of 45.9% from the August 15th total of 3,032 shares. Based on an average trading volume of 4,267 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.
VanEck International High Yield Bond ETF Trading Down 0.2%
NYSEARCA IHY traded down $0.04 on Thursday, hitting $21.36. 38,034 shares of the company were exchanged, compared to its average volume of 16,676. VanEck International High Yield Bond ETF has a 1-year low of $21.18 and a 1-year high of $22.50. The firm has a 50 day moving average of $21.59 and a two-hundred day moving average of $21.67. The company has a market cap of $42.93 million, a P/E ratio of 62.17 and a beta of 0.41.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC lifted its holdings in VanEck International High Yield Bond ETF by 12.6% in the first quarter. Sound Income Strategies LLC now owns 58,074 shares of the company’s stock valued at $1,243,000 after buying an additional 6,481 shares during the period. Comprehensive Money Management Services LLC raised its position in shares of VanEck International High Yield Bond ETF by 11.3% during the 1st quarter. Comprehensive Money Management Services LLC now owns 78,132 shares of the company’s stock valued at $1,676,000 after acquiring an additional 7,928 shares during the last quarter. Finally, Brookstone Capital Management acquired a new position in shares of VanEck International High Yield Bond ETF in the 1st quarter valued at $519,000.
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.
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