Elequin Capital LP Purchases 26,935 Shares of VanEck Short High Yield Muni ETF $SHYD

Elequin Capital LP increased its position in VanEck Short High Yield Muni ETF (BATS:SHYD) by 84.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 58,807 shares of the company’s stock after purchasing an additional 26,935 shares during the period. Elequin Capital LP’s holdings in VanEck Short High Yield Muni ETF were worth $1,347,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SHYD. AE Wealth Management LLC boosted its holdings in shares of VanEck Short High Yield Muni ETF by 5,697.1% during the 3rd quarter. AE Wealth Management LLC now owns 2,029 shares of the company’s stock valued at $46,000 after buying an additional 1,994 shares in the last quarter. Assetmark Inc. grew its position in shares of VanEck Short High Yield Muni ETF by 158.0% in the 3rd quarter. Assetmark Inc. now owns 2,822 shares of the company’s stock worth $65,000 after buying an additional 1,728 shares during the period. Farther Finance Advisors LLC increased its stake in shares of VanEck Short High Yield Muni ETF by 552.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,222 shares of the company’s stock worth $120,000 after acquiring an additional 4,422 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of VanEck Short High Yield Muni ETF by 103.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,310 shares of the company’s stock worth $120,000 after acquiring an additional 2,699 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its position in VanEck Short High Yield Muni ETF by 48.9% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 8,579 shares of the company’s stock valued at $196,000 after acquiring an additional 2,818 shares during the period.

VanEck Short High Yield Muni ETF Price Performance

BATS:SHYD opened at $22.84 on Friday. VanEck Short High Yield Muni ETF has a one year low of $21.68 and a one year high of $24.03. The company’s 50-day simple moving average is $22.99 and its 200 day simple moving average is $22.89.

VanEck Short High Yield Muni ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.0602 per share. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, March 2nd.

About VanEck Short High Yield Muni ETF

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.