VanEck Short High Yield Muni ETF (BATS:SHYD) Sees Large Increase in Short Interest

VanEck Short High Yield Muni ETF (BATS:SHYDGet Free Report) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 70,827 shares, an increase of 176.5% from the June 30th total of 25,619 shares. Based on an average daily volume of 81,632 shares, the short-interest ratio is presently 0.9 days. Currently, 0.5% of the company’s stock are short sold.

VanEck Short High Yield Muni ETF Stock Up 0.1%

SHYD opened at $22.70 on Wednesday. VanEck Short High Yield Muni ETF has a fifty-two week low of $22.40 and a fifty-two week high of $24.03. The business has a 50-day moving average of $22.77 and a 200-day moving average of $22.82.

Hedge Funds Weigh In On VanEck Short High Yield Muni ETF

A number of hedge funds have recently added to or reduced their stakes in SHYD. Advisory Services Network LLC acquired a new position in shares of VanEck Short High Yield Muni ETF during the 3rd quarter worth $38,000. Allworth Financial LP lifted its stake in shares of VanEck Short High Yield Muni ETF by 34.6% in 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 boosted its holdings in 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 worth $93,000 after purchasing an additional 2,700 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in 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 worth $120,000 after purchasing an additional 2,699 shares in the last quarter. Finally, Blueline Advisors LLC bought a new stake in VanEck Short High Yield Muni ETF in the fourth quarter worth $131,000.

About VanEck Short High Yield Muni ETF

(Get Free Report)

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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