VanEck International High Yield Bond ETF (NYSEARCA:IHY) Short Interest Update

VanEck International High Yield Bond ETF (NYSEARCA:IHY) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 11,136 shares, a decrease of 36.2% from the February 12th total of 17,466 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 17,910 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 17,910 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.5% of the company’s shares are short sold.

VanEck International High Yield Bond ETF Stock Performance

IHY traded down $0.13 on Friday, hitting $21.41. 15,866 shares of the company were exchanged, compared to its average volume of 22,652. The firm has a fifty day simple moving average of $22.09 and a two-hundred day simple moving average of $22.03. The stock has a market capitalization of $49.24 million, a PE 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 announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.0919 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.2%.

Institutional Investors Weigh In On VanEck International High Yield Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in VanEck International High Yield Bond ETF by 45.0% in the 1st quarter. Jones Financial Companies Lllp now owns 2,850 shares of the company’s stock worth $60,000 after acquiring an additional 884 shares during the last quarter. Banque Cantonale Vaudoise increased its position in shares of VanEck International High Yield Bond ETF by 17.5% in the third quarter. Banque Cantonale Vaudoise now owns 3,374 shares of the company’s stock valued at $75,000 after acquiring an additional 503 shares during the period. Bank of America Corp DE raised its stake in shares of VanEck International High Yield Bond ETF by 7.1% during the second quarter. Bank of America Corp DE now owns 9,165 shares of the company’s stock valued at $202,000 after acquiring an additional 610 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of VanEck International High Yield Bond ETF during the second quarter valued at about $272,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of VanEck International High Yield Bond ETF by 5.1% during the second quarter. Osaic Holdings Inc. now owns 14,469 shares of the company’s stock worth $319,000 after purchasing an additional 700 shares during the period.

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.