VanEck International High Yield Bond ETF (NYSEARCA:IHY) Sees Large Decline in Short Interest

VanEck International High Yield Bond ETF (NYSEARCA:IHY) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 2,527 shares, a decline of 62.7% from the June 15th total of 6,769 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 7,295 shares, the short-interest ratio is currently 0.3 days.

VanEck International High Yield Bond ETF Stock Down 0.0%

Shares of NYSEARCA:IHY opened at $21.61 on Monday. The business has a 50 day moving average price of $21.74 and a 200 day moving average price of $21.86. VanEck International High Yield Bond ETF has a twelve month low of $21.18 and a twelve month high of $22.50. The company has a market cap of $43.22 million, a price-to-earnings ratio of 62.17 and a beta of 0.41.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Jones Financial Companies Lllp boosted its position in shares of 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 acquiring an additional 884 shares during the period. Banque Cantonale Vaudoise increased its position in VanEck International High Yield Bond ETF by 17.5% during the third quarter. Banque Cantonale Vaudoise now owns 3,374 shares of the company’s stock worth $75,000 after acquiring an additional 503 shares during the period. Bank of America Corp DE raised its stake in VanEck International High Yield Bond ETF by 7.1% during the 2nd quarter. Bank of America Corp DE now owns 9,165 shares of the company’s stock valued at $202,000 after purchasing an additional 610 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in VanEck International High Yield Bond ETF during the 2nd quarter valued at $272,000. Finally, Osaic Holdings Inc. boosted its holdings in VanEck International High Yield Bond ETF by 5.1% in the 2nd quarter. Osaic Holdings Inc. now owns 14,469 shares of the company’s stock valued at $319,000 after purchasing an additional 700 shares during the period.

About VanEck International High Yield Bond ETF

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.