VanEck International High Yield Bond ETF (NYSEARCA:IHY) Short Interest Update

VanEck International High Yield Bond ETF (NYSEARCA:IHY) saw a large decline in short interest in 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 days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Comprehensive Money Management Services LLC increased its position in shares of 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 purchasing an additional 7,928 shares during the period. Sound Income Strategies LLC increased its position in VanEck International High Yield Bond ETF by 12.6% in the 1st quarter. Sound Income Strategies LLC now owns 58,074 shares of the company’s stock valued at $1,243,000 after acquiring an additional 6,481 shares during the period. Finally, Brookstone Capital Management bought a new position in shares of VanEck International High Yield Bond ETF during the first quarter worth about $519,000.

VanEck International High Yield Bond ETF Trading Down 0.2%

Shares of NYSEARCA:IHY traded down $0.04 on Tuesday, hitting $21.33. The company had a trading volume of 13,538 shares, compared to its average volume of 16,607. The stock has a market cap of $42.66 million, a price-to-earnings ratio of 62.17 and a beta of 0.41. VanEck International High Yield Bond ETF has a 1-year low of $21.18 and a 1-year high of $22.50. The stock has a 50 day moving average price of $21.60 and a 200 day moving average price of $21.68.

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.