Elequin Capital LP Increases Stock Position in VanEck Short High Yield Muni ETF $SHYD

Elequin Capital LP boosted its position in VanEck Short High Yield Muni ETF (BATS:SHYD) by 84.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,807 shares of the company’s stock after acquiring an additional 26,935 shares during the period. Elequin Capital LP owned 0.40% of VanEck Short High Yield Muni ETF worth $1,347,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SHYD. NewEdge Advisors LLC boosted its holdings in shares of VanEck Short High Yield Muni ETF by 6.5% during the first quarter. NewEdge Advisors LLC now owns 35,477 shares of the company’s stock worth $798,000 after purchasing an additional 2,160 shares during the period. Cetera Investment Advisers increased its holdings in VanEck Short High Yield Muni ETF by 12.5% during the 2nd quarter. Cetera Investment Advisers now owns 53,753 shares of the company’s stock valued at $1,214,000 after purchasing an additional 5,973 shares during the period. JPMorgan Chase & Co. increased its holdings in VanEck Short High Yield Muni ETF by 103.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,310 shares of the company’s stock valued at $120,000 after purchasing an additional 2,699 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in VanEck Short High Yield Muni ETF by 4.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 26,523 shares of the company’s stock worth $599,000 after buying an additional 1,210 shares during the period. Finally, Trustmark Bank Trust Department lifted its holdings in VanEck Short High Yield Muni ETF by 2.3% in the 2nd quarter. Trustmark Bank Trust Department now owns 44,058 shares of the company’s stock worth $995,000 after buying an additional 1,000 shares during the period.

VanEck Short High Yield Muni ETF Trading Up 0.2%

Shares of SHYD stock opened at $22.84 on Friday. VanEck Short High Yield Muni ETF has a fifty-two week low of $21.68 and a fifty-two week high of $24.03. The business’s 50 day moving average price is $22.99 and its 200-day moving average price is $22.89.

VanEck Short High Yield Muni ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.0602 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.2%.

About VanEck Short High Yield Muni ETF

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.