VanEck International High Yield Bond ETF (NYSEARCA:IHY) Short Interest Up 32.8% in January

VanEck International High Yield Bond ETF (NYSEARCA:IHY) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 19,668 shares, an increase of 32.8% from the December 31st total of 14,809 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily volume of 19,836 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 19,836 shares, the short-interest ratio is presently 1.0 days. Approximately 0.9% of the shares of the stock are short sold.

Hedge Funds Weigh In On VanEck International High Yield Bond ETF

Several institutional investors have recently modified their holdings of IHY. Dunhill Financial LLC raised its holdings in shares of VanEck International High Yield Bond ETF by 28.8% during the 4th quarter. Dunhill Financial LLC now owns 331,642 shares of the company’s stock valued at $7,492,000 after buying an additional 74,134 shares in the last quarter. Comprehensive Money Management Services LLC boosted its stake in shares of VanEck International High Yield Bond ETF by 1.0% during the fourth quarter. Comprehensive Money Management Services LLC now owns 70,204 shares of the company’s stock valued at $1,544,000 after purchasing an additional 677 shares during the period. Sound Income Strategies LLC purchased a new stake in VanEck International High Yield Bond ETF during the 4th quarter valued at $1,137,000. Hennion & Walsh Asset Management Inc. increased its position in shares of VanEck International High Yield Bond ETF by 5.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 17,983 shares of the company’s stock valued at $396,000 after acquiring an additional 959 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of VanEck International High Yield Bond ETF by 17.2% during the third quarter. Bank of America Corp DE now owns 10,743 shares of the company’s stock valued at $238,000 after acquiring an additional 1,578 shares during the last quarter.

VanEck International High Yield Bond ETF Trading Down 0.5%

Shares of NYSEARCA:IHY traded down $0.11 during trading on Monday, reaching $22.18. The company had a trading volume of 26,812 shares, compared to its average volume of 20,301. The company has a fifty day moving average of $22.05 and a two-hundred day moving average of $22.02. The stock has a market capitalization of $51.00 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 $22.50.

VanEck International High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.0987 per share. The ex-dividend date is Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 5.3%.

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.