Short Interest in VanEck BDC Income ETF (NYSEARCA:BIZD) Decreases By 36.4%

VanEck BDC Income ETF (NYSEARCA:BIZD) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,976,190 shares, a decrease of 36.4% from the June 30th total of 4,678,966 shares. Approximately 2.3% of the company’s shares are short sold. Based on an average trading volume of 3,701,694 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of VanEck BDC Income ETF

A number of institutional investors have recently added to or reduced their stakes in BIZD. Russell Investments Group Ltd. purchased a new position in VanEck BDC Income ETF in the second quarter valued at about $25,000. Motiv8 Investments LLC acquired a new stake in shares of VanEck BDC Income ETF in the fourth quarter valued at about $25,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of VanEck BDC Income ETF in the fourth quarter valued at about $26,000. Group One Trading LLC raised its holdings in shares of VanEck BDC Income ETF by 402.5% during the 2nd quarter. Group One Trading LLC now owns 2,010 shares of the company’s stock valued at $33,000 after buying an additional 1,610 shares during the period. Finally, Western Wealth Management LLC purchased a new stake in shares of VanEck BDC Income ETF during the 1st quarter valued at about $35,000.

VanEck BDC Income ETF Stock Down 0.2%

Shares of BIZD stock traded down $0.02 on Friday, reaching $12.40. 3,133,929 shares of the stock were exchanged, compared to its average volume of 3,540,422. VanEck BDC Income ETF has a 1-year low of $11.97 and a 1-year high of $16.32. The stock has a market cap of $1.59 billion, a P/E ratio of 11.32 and a beta of 0.64. The firm has a 50 day moving average of $12.50 and a two-hundred day moving average of $12.92.

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.