VanEck Short High Yield Muni ETF (BATS:SHYD – Get Free Report) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 200,726 shares, an increase of 162.7% from the September 30th total of 76,402 shares. Based on an average trading volume of 459,182 shares, the short-interest ratio is currently 0.4 days. Currently, 1.4% of the shares of the stock are sold short.
VanEck Short High Yield Muni ETF Stock Performance
VanEck Short High Yield Muni ETF stock opened at $22.62 on Friday. VanEck Short High Yield Muni ETF has a 1 year low of $21.75 and a 1 year high of $24.03. The company’s 50-day moving average is $22.32 and its two-hundred day moving average is $22.68.
Hedge Funds Weigh In On VanEck Short High Yield Muni ETF
A number of large investors have recently added to or reduced their stakes in SHYD. Fragasso Financial Advisors Inc lifted its position in VanEck Short High Yield Muni ETF by 70.8% during the third quarter. Fragasso Financial Advisors Inc now owns 455,973 shares of the company’s stock worth $10,068,000 after acquiring an additional 188,952 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in shares of VanEck Short High Yield Muni ETF during the 3rd quarter worth $1,994,000. Sage Financial Group Inc. grew its stake in VanEck Short High Yield Muni ETF by 355.7% during the third quarter. Sage Financial Group Inc. now owns 101,736 shares of the company’s stock worth $2,230,000 after buying an additional 79,412 shares in the last quarter. Waverly Advisors LLC boosted its position in shares of VanEck Short High Yield Muni ETF by 123.1% during the 1st quarter. Waverly Advisors LLC now owns 141,801 shares of the company’s stock worth $3,213,000 after acquiring an additional 78,255 shares in the last quarter. Finally, Acorn Wealth Advisors LLC bought a new position in shares of VanEck Short High Yield Muni ETF in the 2nd quarter valued at $1,061,000.
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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