VanEck BDC Income ETF (NYSEARCA:BIZD – Get Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,976,190 shares, a decline of 36.4% from the June 30th total of 4,678,966 shares. Based on an average daily volume of 3,701,694 shares, the short-interest ratio is presently 0.8 days. Approximately 2.3% of the shares of the stock are short sold.
VanEck BDC Income ETF Stock Down 0.2%
Shares of VanEck BDC Income ETF stock traded down $0.03 during trading on Thursday, hitting $12.42. 3,475,878 shares of the stock traded hands, compared to its average volume of 3,543,245. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 11.32 and a beta of 0.64. The firm’s fifty day moving average is $12.51 and its 200-day moving average is $12.93. VanEck BDC Income ETF has a 52 week low of $11.97 and a 52 week high of $16.32.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new position in shares of VanEck BDC Income ETF during the second quarter worth approximately $25,000. Motiv8 Investments LLC bought a new position in shares of VanEck BDC Income ETF during the 4th quarter valued at $25,000. Cary Street Partners Investment Advisory LLC purchased a new position in VanEck BDC Income ETF in the 4th quarter worth $26,000. Group One Trading LLC lifted its stake in VanEck BDC Income ETF by 402.5% in the second quarter. Group One Trading LLC now owns 2,010 shares of the company’s stock worth $33,000 after purchasing an additional 1,610 shares during the last quarter. Finally, Western Wealth Management LLC bought a new stake in VanEck BDC Income ETF in the first quarter worth $35,000.
About VanEck BDC Income ETF
The VanEck BDC Income ETF (BIZD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a market cap-weighted index of US BDC companies whose principal business is to invest in, lend capital to, or provide services to privately held companies. BIZD was launched on Feb 12, 2013 and is managed by VanEck.
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