VanEck Short High Yield Muni ETF (BATS:SHYD – Get Free Report) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 43,314 shares, a drop of 71.9% from the May 31st total of 153,964 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 115,932 shares, the short-interest ratio is currently 0.4 days.
Institutional Investors Weigh In On VanEck Short High Yield Muni ETF
A number of large investors have recently made changes to their positions in SHYD. Advisory Services Network LLC purchased a new position in VanEck Short High Yield Muni ETF in the 3rd quarter worth $38,000. Allworth Financial LP grew its stake in VanEck Short High Yield Muni ETF by 34.6% during the 3rd quarter. Allworth Financial LP now owns 2,176 shares of the company’s stock valued at $50,000 after purchasing an additional 559 shares during the last quarter. CWM LLC increased its holdings in shares of VanEck Short High Yield Muni ETF by 200.6% in the fourth quarter. CWM LLC now owns 4,046 shares of the company’s stock valued at $93,000 after purchasing an additional 2,700 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of VanEck Short High Yield Muni ETF by 103.4% in the second quarter. JPMorgan Chase & Co. now owns 5,310 shares of the company’s stock valued at $120,000 after purchasing an additional 2,699 shares during the period. Finally, Blueline Advisors LLC purchased a new position in shares of VanEck Short High Yield Muni ETF in the fourth quarter worth about $131,000.
VanEck Short High Yield Muni ETF Price Performance
BATS:SHYD opened at $22.92 on Friday. VanEck Short High Yield Muni ETF has a twelve month low of $22.31 and a twelve month high of $24.03. The company’s 50 day moving average is $22.74 and its two-hundred day moving average is $22.84.
VanEck Short High Yield Muni ETF Company Profile
The VanEck Short High Yield Muni ETF (SHYD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted US bond index composed of high-yield municipal bonds with 1-12 years remaining in maturity. SHYD was launched on Jan 13, 2014 and is managed by VanEck.
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