VanEck Short High Yield Muni ETF (BATS:SHYD) Stock Short Interest Report for October

VanEck Short High Yield Muni ETF (BATS:SHYD) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 200,726 shares, a growth of 162.7% from the September 30th total of 76,402 shares. Based on an average trading volume of 459,182 shares, the short-interest ratio is presently 0.4 days. Approximately 1.4% of the shares of the stock are short sold.

VanEck Short High Yield Muni ETF Price Performance

Shares of SHYD opened at $22.52 on Friday. VanEck Short High Yield Muni ETF has a one year low of $21.75 and a one year high of $24.03. The business’s 50 day simple moving average is $22.32 and its 200-day simple moving average is $22.68.

Hedge Funds Weigh In On VanEck Short High Yield Muni ETF

Several institutional investors have recently bought and sold shares of SHYD. Fragasso Financial Advisors Inc raised its stake in shares of VanEck Short High Yield Muni ETF by 70.8% in the third quarter. Fragasso Financial Advisors Inc now owns 455,973 shares of the company’s stock worth $10,068,000 after acquiring an additional 188,952 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of VanEck Short High Yield Muni ETF by 23.7% during the second quarter. Envestnet Asset Management Inc. now owns 241,696 shares of the company’s stock worth $5,404,000 after purchasing an additional 46,339 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of VanEck Short High Yield Muni ETF by 27.3% during the first quarter. Cetera Investment Advisers now owns 184,118 shares of the company’s stock worth $4,172,000 after purchasing an additional 39,496 shares in the last quarter. Waverly Advisors LLC lifted its position in shares of VanEck Short High Yield Muni ETF by 123.1% during the first quarter. Waverly Advisors LLC now owns 141,801 shares of the company’s stock worth $3,213,000 after purchasing an additional 78,255 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of VanEck Short High Yield Muni ETF by 2.2% during the first quarter. Royal Bank of Canada now owns 127,986 shares of the company’s stock worth $2,901,000 after purchasing an additional 2,793 shares in the last quarter.

VanEck Short High Yield Muni ETF Company Profile

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.