Short Interest in VanEck International High Yield Bond ETF (NYSEARCA:IHY) Expands By 55.5%

VanEck International High Yield Bond ETF (NYSEARCA:IHY) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 3,108 shares, a growth of 55.5% from the July 15th total of 1,999 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 9,820 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp boosted its holdings in VanEck International High Yield Bond ETF by 45.0% in the first quarter. Jones Financial Companies Lllp now owns 2,850 shares of the company’s stock valued at $60,000 after purchasing an additional 884 shares during the last quarter. Banque Cantonale Vaudoise boosted its stake in shares of VanEck International High Yield Bond ETF by 17.5% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,374 shares of the company’s stock valued at $75,000 after buying an additional 503 shares during the last quarter. Bank of America Corp DE grew its position in shares of 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 worth $202,000 after buying an additional 610 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of VanEck International High Yield Bond ETF during the second quarter worth approximately $272,000. Finally, Osaic Holdings Inc. increased its stake in shares of VanEck International High Yield Bond ETF by 5.1% in the second quarter. Osaic Holdings Inc. now owns 14,469 shares of the company’s stock worth $319,000 after buying an additional 700 shares during the last quarter.

VanEck International High Yield Bond ETF Trading Up 0.1%

IHY opened at $21.64 on Wednesday. The company has a fifty day simple moving average of $21.63 and a 200 day simple moving average of $21.76. The firm has a market cap of $43.28 million, a price-to-earnings ratio of 62.17 and a beta of 0.41. VanEck International High Yield Bond ETF has a twelve month low of $21.18 and a twelve month high of $22.50.

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.