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

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

Institutional Trading of VanEck BDC Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Silver Oak Securities Incorporated grew its position in shares of VanEck BDC Income ETF by 4.0% in the 4th quarter. Silver Oak Securities Incorporated now owns 18,575 shares of the company’s stock valued at $263,000 after buying an additional 721 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of VanEck BDC Income ETF by 3.3% during the fourth quarter. D.A. Davidson & CO. now owns 24,891 shares of the company’s stock worth $353,000 after acquiring an additional 806 shares during the last quarter. Ranch Capital Advisors Inc. lifted its stake in shares of VanEck BDC Income ETF by 1.6% in the first quarter. Ranch Capital Advisors Inc. now owns 63,787 shares of the company’s stock worth $816,000 after acquiring an additional 990 shares during the period. World Investment Advisors lifted its stake in shares of VanEck BDC Income ETF by 2.7% in the first quarter. World Investment Advisors now owns 44,372 shares of the company’s stock worth $568,000 after acquiring an additional 1,151 shares during the period. Finally, Guidance Capital Inc. lifted its stake in shares of VanEck BDC Income ETF by 1.3% in the fourth quarter. Guidance Capital Inc. now owns 92,810 shares of the company’s stock worth $1,346,000 after acquiring an additional 1,158 shares during the period.

VanEck BDC Income ETF Stock Down 0.2%

Shares of BIZD stock traded down $0.02 during trading hours on Friday, hitting $12.40. 3,133,933 shares of the company’s stock traded hands, compared to its average volume of 3,540,422. The stock’s 50 day simple moving average is $12.51 and its 200 day simple moving average is $12.91. The stock has a market cap of $1.59 billion, a PE ratio of 11.32 and a beta of 0.64. VanEck BDC Income ETF has a 12 month low of $11.97 and a 12 month high of $16.32.

VanEck BDC Income ETF Company Profile

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.