VanEck International High Yield Bond ETF (NYSEARCA:IHY) Shares Shorted: Short Interest Up 671.2% in September

VanEck International High Yield Bond ETF (NYSEARCA:IHY) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 16,457 shares, a growth of 671.2% from the September 15th total of 2,134 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 19,560 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of VanEck International High Yield Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in IHY. Brookstone Capital Management bought a new stake in shares of VanEck International High Yield Bond ETF during the 1st quarter worth $519,000. Sound Income Strategies LLC grew its position 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 worth $1,243,000 after acquiring an additional 6,481 shares in the last quarter. Finally, Comprehensive Money Management Services LLC grew its position in VanEck International High Yield Bond ETF by 11.3% in the first quarter. Comprehensive Money Management Services LLC now owns 78,132 shares of the company’s stock worth $1,676,000 after acquiring an additional 7,928 shares in the last quarter.

VanEck International High Yield Bond ETF Stock Performance

VanEck International High Yield Bond ETF stock traded up $0.01 during mid-day trading on Friday, hitting $20.81. 1,450 shares of the company traded hands, compared to its average volume of 16,333. VanEck International High Yield Bond ETF has a one year low of $20.63 and a one year high of $22.50. The stock has a market cap of $39.54 million, a price-to-earnings ratio of 62.17 and a beta of 0.42. The stock has a fifty day moving average price of $21.41 and a 200-day moving average price of $21.59.

VanEck International High Yield Bond ETF Company Profile

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.