VanEck BDC Income ETF (NYSEARCA:BIZD) Short Interest Down 30.7% in May

VanEck BDC Income ETF (NYSEARCA:BIZD) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 1,060,000 shares, a drop of 30.7% from the May 15th total of 1,530,000 shares. Based on an average trading volume of 1,246,900 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.2% of the company’s shares are short sold.

VanEck BDC Income ETF Stock Performance

BIZD stock opened at $16.05 on Tuesday. VanEck BDC Income ETF has a 1 year low of $13.50 and a 1 year high of $17.86. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 9.28 and a beta of 0.81. The stock’s fifty day moving average is $15.59 and its two-hundred day moving average is $16.41.

Institutional Trading of VanEck BDC Income ETF

Several large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in VanEck BDC Income ETF by 46.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,974,956 shares of the company’s stock valued at $32,844,000 after acquiring an additional 627,364 shares during the period. Haven Private LLC bought a new position in VanEck BDC Income ETF in the fourth quarter worth $8,859,000. Kestra Advisory Services LLC lifted its holdings in shares of VanEck BDC Income ETF by 790.2% during the 1st quarter. Kestra Advisory Services LLC now owns 471,298 shares of the company’s stock worth $7,899,000 after acquiring an additional 418,356 shares during the period. Nan Fung Trinity HK Ltd. bought a new position in shares of VanEck BDC Income ETF during the 4th quarter worth about $5,638,000. Finally, Raymond James Financial Inc. bought a new stake in VanEck BDC Income ETF in the fourth quarter valued at about $5,532,000.

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.