VanEck International High Yield Bond ETF (NYSEARCA:IHY – Get Free Report) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 2,527 shares, a drop of 62.7% from the June 15th total of 6,769 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,295 shares, the days-to-cover ratio is currently 0.3 days.
VanEck International High Yield Bond ETF Price Performance
Shares of IHY stock opened at $21.61 on Monday. The stock’s fifty day simple moving average is $21.74 and its 200 day simple moving average is $21.86. VanEck International High Yield Bond ETF has a one year low of $21.18 and a one year high of $22.50. The firm has a market cap of $43.22 million, a price-to-earnings ratio of 62.17 and a beta of 0.41.
Institutional Investors Weigh In On VanEck International High Yield Bond ETF
Several institutional investors and hedge funds have recently made changes to their positions in IHY. Jones Financial Companies Lllp grew its holdings in shares of VanEck International High Yield Bond ETF by 45.0% in the 1st quarter. Jones Financial Companies Lllp now owns 2,850 shares of the company’s stock worth $60,000 after purchasing an additional 884 shares during the last quarter. Flow Traders U.S. LLC bought a new position in VanEck International High Yield Bond ETF during the 2nd quarter valued at about $272,000. Bank of America Corp DE lifted its holdings in VanEck International High Yield Bond ETF by 7.1% during the 2nd quarter. Bank of America Corp DE now owns 9,165 shares of the company’s stock valued at $202,000 after purchasing an additional 610 shares during the last quarter. Orion Porfolio Solutions LLC acquired a new position in VanEck International High Yield Bond ETF in the second quarter valued at about $1,276,000. Finally, Osaic Holdings Inc. boosted its position in VanEck International High Yield Bond ETF by 5.1% in the second quarter. Osaic Holdings Inc. now owns 14,469 shares of the company’s stock valued at $319,000 after buying an additional 700 shares in the last quarter.
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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