VanEck International High Yield Bond ETF (NYSEARCA:IHY – Get Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 1,639 shares, a decline of 45.9% from the August 15th total of 3,032 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 4,267 shares, the days-to-cover ratio is currently 0.4 days.
VanEck International High Yield Bond ETF Stock Down 0.2%
NYSEARCA IHY traded down $0.04 on Tuesday, reaching $21.33. The company had a trading volume of 13,538 shares, compared to its average volume of 16,607. The company’s fifty day moving average is $21.60 and its 200 day moving average is $21.68. VanEck International High Yield Bond ETF has a 52-week low of $21.18 and a 52-week high of $22.50. The stock has a market capitalization of $42.66 million, a P/E ratio of 62.17 and a beta of 0.41.
Hedge Funds Weigh In On VanEck International High Yield Bond ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC grew its stake in VanEck International High Yield Bond ETF by 12.6% in the 1st quarter. Sound Income Strategies LLC now owns 58,074 shares of the company’s stock valued at $1,243,000 after buying an additional 6,481 shares in the last quarter. Comprehensive Money Management Services LLC raised its stake in VanEck International High Yield Bond ETF by 11.3% in the first quarter. Comprehensive Money Management Services LLC now owns 78,132 shares of the company’s stock valued at $1,676,000 after purchasing an additional 7,928 shares in the last quarter. Finally, Brookstone Capital Management purchased a new stake in shares of VanEck International High Yield Bond ETF during the 1st quarter valued at $519,000.
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.
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