VanEck International High Yield Bond ETF (NYSEARCA:IHY) Short Interest Up 32.8% in January

VanEck International High Yield Bond ETF (NYSEARCA:IHY) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 19,668 shares, a growth of 32.8% from the December 31st total of 14,809 shares. Based on an average daily trading volume, of 19,836 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.9% of the company’s stock are sold short. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 19,836 shares, the days-to-cover ratio is presently 1.0 days.

VanEck International High Yield Bond ETF Stock Performance

Shares of IHY stock traded down $0.04 during trading on Tuesday, hitting $22.15. 7,159 shares of the company were exchanged, compared to its average volume of 19,830. The business’s 50-day simple moving average is $22.05 and its 200 day simple moving average is $22.02. VanEck International High Yield Bond ETF has a twelve month low of $20.23 and a twelve month high of $22.50. The firm has a market capitalization of $50.95 million, a price-to-earnings ratio of 62.17 and a beta of 0.43.

VanEck International High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be issued a $0.0987 dividend. The ex-dividend date is Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 5.3%.

Institutional Trading of VanEck International High Yield Bond ETF

Several large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its holdings in shares of VanEck International High Yield Bond ETF by 45.0% during the 1st quarter. Jones Financial Companies Lllp now owns 2,850 shares of the company’s stock valued at $60,000 after purchasing an additional 884 shares in the last quarter. Investment Advisory Group LLC bought a new stake in shares of VanEck International High Yield Bond ETF during the 2nd quarter worth about $355,000. BTS Asset Management Inc. bought a new stake in shares of VanEck International High Yield Bond ETF during the 2nd quarter worth about $302,000. NewSquare Capital LLC increased its holdings in shares of VanEck International High Yield Bond ETF by 21.1% during the 2nd quarter. NewSquare Capital LLC now owns 77,101 shares of the company’s stock valued at $1,700,000 after acquiring an additional 13,411 shares during the last quarter. Finally, Sykon Capital LLC raised its stake in shares of VanEck International High Yield Bond ETF by 348.5% in the 2nd quarter. Sykon Capital LLC now owns 247,703 shares of the company’s stock valued at $5,462,000 after acquiring an additional 192,475 shares in the last quarter.

VanEck International High Yield Bond ETF Company Profile

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.