VanEck International High Yield Bond ETF (NYSEARCA:IHY) Stock Short Interest Climbs 671.2%

VanEck International High Yield Bond ETF (NYSEARCA:IHY) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 16,457 shares, an increase of 671.2% from the September 15th total of 2,134 shares. Based on an average daily volume of 19,560 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.9% of the shares of the company are short sold.

Institutional Trading of VanEck International High Yield Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Brookstone Capital Management bought a new position in shares of VanEck International High Yield Bond ETF in the first quarter valued at approximately $519,000. Sound Income Strategies LLC raised its holdings in VanEck International High Yield Bond ETF by 12.6% during the first quarter. Sound Income Strategies LLC now owns 58,074 shares of the company’s stock worth $1,243,000 after purchasing an additional 6,481 shares in the last quarter. Finally, Comprehensive Money Management Services LLC raised its holdings in VanEck International High Yield Bond ETF by 11.3% during the first quarter. Comprehensive Money Management Services LLC now owns 78,132 shares of the company’s stock worth $1,676,000 after purchasing an additional 7,928 shares in the last quarter.

VanEck International High Yield Bond ETF Trading Up 0.0%

IHY stock traded up $0.01 during trading on Friday, hitting $20.81. The company had a trading volume of 1,450 shares, compared to its average volume of 16,333. The firm has a market capitalization of $39.54 million, a price-to-earnings ratio of 62.17 and a beta of 0.42. The business has a 50 day moving average of $21.41 and a 200 day moving average of $21.59. VanEck International High Yield Bond ETF has a fifty-two week low of $20.63 and a fifty-two week high of $22.50.

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.