VanEck Short High Yield Muni ETF (BATS:SHYD) Sees Large Increase in Short Interest

VanEck Short High Yield Muni ETF (BATS:SHYD) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 153,964 shares, an increase of 541.4% from the May 14th total of 24,005 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 98,965 shares, the short-interest ratio is currently 1.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC increased its holdings in shares of VanEck Short High Yield Muni ETF by 1.9% in the third quarter. Private Advisor Group LLC now owns 27,070 shares of the company’s stock worth $620,000 after purchasing an additional 497 shares during the period. Diversify Advisory Services LLC increased its holdings in shares of VanEck Short High Yield Muni ETF by 1.2% in the fourth quarter. Diversify Advisory Services LLC now owns 43,502 shares of the company’s stock worth $1,001,000 after purchasing an additional 522 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of VanEck Short High Yield Muni ETF by 5.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,694 shares of the company’s stock worth $222,000 after purchasing an additional 530 shares during the period. Allworth Financial LP increased its holdings in shares of VanEck Short High Yield Muni ETF by 34.6% in the third quarter. Allworth Financial LP now owns 2,176 shares of the company’s stock worth $50,000 after purchasing an additional 559 shares during the period. Finally, Arkadios Wealth Advisors increased its holdings in shares of VanEck Short High Yield Muni ETF by 5.5% in the first quarter. Arkadios Wealth Advisors now owns 12,562 shares of the company’s stock worth $285,000 after purchasing an additional 653 shares during the period.

VanEck Short High Yield Muni ETF Stock Performance

BATS:SHYD opened at $22.80 on Wednesday. The stock’s fifty day moving average price is $22.69 and its two-hundred day moving average price is $22.84. VanEck Short High Yield Muni ETF has a 1 year low of $22.31 and a 1 year high of $24.03.

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.