VanEck BDC Income ETF (NYSEARCA:BIZD) Sees Large Growth in Short Interest

VanEck BDC Income ETF (NYSEARCA:BIZD) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 5,898,447 shares, an increase of 134.5% from the August 31st total of 2,515,130 shares. Approximately 4.9% of the company’s shares are sold short. Based on an average daily trading volume, of 3,071,822 shares, the short-interest ratio is presently 1.9 days.

VanEck BDC Income ETF Trading Up 0.1%

BIZD traded up $0.01 during trading on Friday, hitting $12.91. 2,302,739 shares of the company’s stock were exchanged, compared to its average volume of 3,371,815. VanEck BDC Income ETF has a 1 year low of $11.97 and a 1 year high of $15.20. The stock has a 50 day moving average price of $13.06 and a 200 day moving average price of $12.78. The firm has a market cap of $1.56 billion, a P/E ratio of 11.32 and a beta of 0.65.

Institutional Trading of VanEck BDC Income ETF

A number of institutional investors have recently added to or reduced their stakes in BIZD. Western Wealth Management LLC acquired a new stake in VanEck BDC Income ETF in the 1st quarter valued at $35,000. Quantum Portfolio Management LLC acquired a new position in shares of VanEck BDC Income ETF during the first quarter worth about $42,000. EverSource Wealth Advisors LLC boosted its position in shares of VanEck BDC Income ETF by 53.8% in the first quarter. EverSource Wealth Advisors LLC now owns 5,000 shares of the company’s stock worth $64,000 after buying an additional 1,750 shares during the period. Legacy Wealth Managment LLC ID purchased a new stake in shares of VanEck BDC Income ETF in the first quarter worth about $138,000. Finally, WNY Asset Management LLC acquired a new stake in shares of VanEck BDC Income ETF in the first quarter valued at about $196,000.

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.