VanEck International High Yield Bond ETF (NYSEARCA:IHY) Sees Significant Growth in Short Interest

VanEck International High Yield Bond ETF (NYSEARCA:IHY) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 12,976 shares, a growth of 138.5% from the April 30th total of 5,441 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 40,997 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of VanEck International High Yield Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IHY. Sound Income Strategies LLC boosted its position in shares of VanEck International High Yield Bond ETF by 12.6% in the first quarter. Sound Income Strategies LLC now owns 58,074 shares of the company’s stock worth $1,243,000 after acquiring an additional 6,481 shares during the last quarter. Comprehensive Money Management Services LLC raised its stake 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 during the period. Brookstone Capital Management purchased a new position in VanEck International High Yield Bond ETF during the first quarter worth approximately $519,000. Jane Street Group LLC boosted its holdings in shares of VanEck International High Yield Bond ETF by 262.9% in the 4th quarter. Jane Street Group LLC now owns 33,521 shares of the company’s stock valued at $737,000 after purchasing an additional 24,283 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of VanEck International High Yield Bond ETF by 4.6% in the 4th quarter. LPL Financial LLC now owns 60,460 shares of the company’s stock valued at $1,330,000 after purchasing an additional 2,647 shares during the last quarter.

VanEck International High Yield Bond ETF Trading Down 0.6%

IHY traded down $0.14 during mid-day trading on Tuesday, hitting $21.78. 3,386 shares of the stock were exchanged, compared to its average volume of 22,476. The company has a market cap of $50.09 million, a PE ratio of 62.17 and a beta of 0.42. VanEck International High Yield Bond ETF has a 1-year low of $21.18 and a 1-year high of $22.50. The firm’s fifty day moving average is $21.72 and its two-hundred day moving average is $21.91.

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.