VanEck Short High Yield Muni ETF (BATS:SHYD – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 25,619 shares, a decrease of 40.9% from the June 15th total of 43,314 shares. Based on an average daily volume of 135,849 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are short sold.
VanEck Short High Yield Muni ETF Trading Down 0.0%
Shares of BATS SHYD opened at $22.79 on Thursday. The stock has a fifty day moving average price of $22.77 and a 200 day moving average price of $22.83. VanEck Short High Yield Muni ETF has a 12-month low of $22.31 and a 12-month high of $24.03.
Institutional Investors Weigh In On VanEck Short High Yield Muni ETF
Several hedge funds have recently modified their holdings of SHYD. Advisory Services Network LLC acquired a new position in VanEck Short High Yield Muni ETF during the 3rd quarter worth approximately $38,000. Allworth Financial LP grew its position in VanEck Short High Yield Muni ETF by 34.6% in the third quarter. Allworth Financial LP now owns 2,176 shares of the company’s stock valued at $50,000 after acquiring an additional 559 shares in the last quarter. CWM LLC grew its position 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 valued at $93,000 after acquiring an additional 2,700 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of VanEck Short High Yield Muni ETF by 103.4% during 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 stake in shares of VanEck Short High Yield Muni ETF during the fourth quarter valued at approximately $131,000.
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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