VanEck International High Yield Bond ETF (NYSEARCA:IHY) Short Interest Down 36.2% in February

VanEck International High Yield Bond ETF (NYSEARCA:IHY) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 11,136 shares, a drop of 36.2% from the February 12th total of 17,466 shares. Based on an average trading volume of 17,910 shares, the short-interest ratio is presently 0.6 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 17,910 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On VanEck International High Yield Bond ETF

Several institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp increased its holdings in VanEck International High Yield Bond ETF by 45.0% in the 1st quarter. Jones Financial Companies Lllp now owns 2,850 shares of the company’s stock worth $60,000 after buying an additional 884 shares in the last quarter. Sykon Capital LLC grew its stake in shares of VanEck International High Yield Bond ETF by 348.5% in the second quarter. Sykon Capital LLC now owns 247,703 shares of the company’s stock worth $5,462,000 after acquiring an additional 192,475 shares during the period. RPg Family Wealth Advisory LLC purchased a new position in shares of VanEck International High Yield Bond ETF during the second quarter valued at approximately $7,486,000. Flow Traders U.S. LLC purchased a new position in shares of VanEck International High Yield Bond ETF during the second quarter valued at approximately $272,000. Finally, Bank of America Corp DE lifted its position in VanEck International High Yield Bond ETF by 7.1% during the second quarter. Bank of America Corp DE now owns 9,165 shares of the company’s stock valued at $202,000 after purchasing an additional 610 shares during the period.

VanEck International High Yield Bond ETF Trading Down 0.6%

IHY stock traded down $0.13 during midday trading on Friday, hitting $21.41. The company’s stock had a trading volume of 15,866 shares, compared to its average volume of 22,652. The firm’s 50-day moving average is $22.09 and its 200-day moving average is $22.03. VanEck International High Yield Bond ETF has a 12 month low of $20.23 and a 12 month high of $22.50. The company has a market cap of $49.24 million, a PE ratio of 62.17 and a beta of 0.43.

VanEck International High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.0919 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.2%.

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.