VanEck BDC Income ETF (NYSEARCA:BIZD) Short Interest Update

VanEck BDC Income ETF (NYSEARCA:BIZD) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 5,898,447 shares, an increase of 134.5% from the August 31st total of 2,515,130 shares. Based on an average daily volume of 3,071,822 shares, the days-to-cover ratio is currently 1.9 days. Currently, 4.9% of the company’s stock are short sold.

Institutional Investors Weigh In On VanEck BDC Income ETF

Hedge funds have recently bought and sold shares of the business. Ranch Capital Advisors Inc. grew its stake in VanEck BDC Income ETF by 1.6% during the first quarter. Ranch Capital Advisors Inc. now owns 63,787 shares of the company’s stock worth $816,000 after buying an additional 990 shares during the last quarter. World Investment Advisors raised its stake in shares of VanEck BDC Income ETF by 2.7% in the first quarter. World Investment Advisors now owns 44,372 shares of the company’s stock valued at $568,000 after acquiring an additional 1,151 shares during the last quarter. Apeiron RIA LLC raised its stake in shares of VanEck BDC Income ETF by 7.2% in the first quarter. Apeiron RIA LLC now owns 19,510 shares of the company’s stock valued at $250,000 after acquiring an additional 1,317 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of VanEck BDC Income ETF by 53.8% in the first quarter. EverSource Wealth Advisors LLC now owns 5,000 shares of the company’s stock valued at $64,000 after acquiring an additional 1,750 shares during the last quarter. Finally, HB Wealth Management LLC boosted its holdings in shares of VanEck BDC Income ETF by 12.6% in the 2nd quarter. HB Wealth Management LLC now owns 20,646 shares of the company’s stock worth $261,000 after acquiring an additional 2,316 shares in the last quarter.

VanEck BDC Income ETF Stock Up 1.5%

BIZD opened at $13.07 on Tuesday. The stock has a fifty day moving average of $13.06 and a 200-day moving average of $12.78. The firm has a market capitalization of $1.58 billion, a P/E ratio of 11.32 and a beta of 0.65. VanEck BDC Income ETF has a 12-month low of $11.97 and a 12-month high of $15.12.

About VanEck BDC Income ETF

The VanEck BDC Income ETF (BIZD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a market cap-weighted index of US BDC companies whose principal business is to invest in, lend capital to, or provide services to privately held companies. BIZD was launched on Feb 12, 2013 and is managed by VanEck.