VanEck Short High Yield Muni ETF (BATS:SHYD – Get Free Report) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 43,314 shares, a decrease of 71.9% from the May 31st total of 153,964 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 115,932 shares, the short-interest ratio is presently 0.4 days.
Hedge Funds Weigh In On VanEck Short High Yield Muni ETF
Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of VanEck Short High Yield Muni ETF during the 3rd quarter valued at approximately $38,000. Allworth Financial LP lifted its stake in VanEck Short High Yield Muni ETF by 34.6% during the 3rd quarter. Allworth Financial LP now owns 2,176 shares of the company’s stock worth $50,000 after acquiring an additional 559 shares in the last quarter. CWM LLC boosted its stake in shares of VanEck Short High Yield Muni ETF by 200.6% in the fourth quarter. CWM LLC now owns 4,046 shares of the company’s stock valued at $93,000 after purchasing an additional 2,700 shares during the period. JPMorgan Chase & Co. boosted its position in 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 valued at $120,000 after buying an additional 2,699 shares during the period. Finally, Blueline Advisors LLC purchased a new position in VanEck Short High Yield Muni ETF in the fourth quarter valued at $131,000.
VanEck Short High Yield Muni ETF Price Performance
BATS:SHYD opened at $22.92 on Friday. The company’s 50-day moving average price is $22.74 and its 200-day moving average price is $22.84. VanEck Short High Yield Muni ETF has a twelve month low of $22.31 and a twelve month high of $24.03.
VanEck Short High Yield Muni ETF Company Profile
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.
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