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

VanEck International High Yield Bond ETF (NYSEARCA:IHY) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 31,931 shares, a decline of 70.1% from the November 30th total of 106,970 shares. Based on an average daily volume of 24,905 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.5% of the shares of the stock are sold short. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily volume of 24,905 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On VanEck International High Yield Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IHY. Jones Financial Companies Lllp increased its position in shares of VanEck International High Yield Bond ETF by 45.0% during the 1st 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. Investment Advisory Group LLC bought a new position in VanEck International High Yield Bond ETF during the second quarter valued at approximately $355,000. BTS Asset Management Inc. bought a new position in VanEck International High Yield Bond ETF during the second quarter valued at approximately $302,000. NewSquare Capital LLC raised its stake in shares of VanEck International High Yield Bond ETF by 21.1% during the second quarter. NewSquare Capital LLC now owns 77,101 shares of the company’s stock worth $1,700,000 after acquiring an additional 13,411 shares in the last quarter. Finally, Sykon Capital LLC lifted its holdings in shares of VanEck International High Yield Bond ETF by 348.5% in the 2nd quarter. Sykon Capital LLC now owns 247,703 shares of the company’s stock worth $5,462,000 after acquiring an additional 192,475 shares during the last quarter.

VanEck International High Yield Bond ETF Trading Up 0.2%

Shares of NYSEARCA:IHY traded up $0.05 during trading on Friday, reaching $22.19. The company had a trading volume of 7,790 shares, compared to its average volume of 19,455. The company has a fifty day moving average of $21.94 and a two-hundred day moving average of $21.98. The stock has a market capitalization of $48.82 million, a P/E ratio of 62.17 and a beta of 0.43. VanEck International High Yield Bond ETF has a 12 month low of $20.23 and a 12 month high of $22.43.

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.