VanEck International High Yield Bond ETF (NYSEARCA:IHY) Short Interest Update

VanEck International High Yield Bond ETF (NYSEARCA:IHY) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,527 shares, a decrease of 62.7% from the June 15th total of 6,769 shares. Based on an average trading volume of 7,295 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

VanEck International High Yield Bond ETF Price Performance

Shares of NYSEARCA:IHY traded up $0.05 during mid-day trading on Wednesday, reaching $21.64. 2,103 shares of the company were exchanged, compared to its average volume of 19,263. VanEck International High Yield Bond ETF has a 1 year low of $21.18 and a 1 year high of $22.50. The firm’s 50-day simple moving average is $21.73 and its 200 day simple moving average is $21.85. The firm has a market cap of $43.28 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

A number of institutional investors have recently modified their holdings of IHY. Dunhill Financial LLC raised its holdings in shares of VanEck International High Yield Bond ETF by 28.8% in the 4th quarter. Dunhill Financial LLC now owns 331,642 shares of the company’s stock valued at $7,492,000 after buying an additional 74,134 shares during the period. Goldman Sachs Group Inc. boosted its holdings in VanEck International High Yield Bond ETF by 26.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 83,492 shares of the company’s stock valued at $1,837,000 after acquiring an additional 17,491 shares during the period. Comprehensive Money Management Services LLC boosted its holdings in VanEck International High Yield Bond ETF by 11.3% during the 1st quarter. Comprehensive Money Management Services LLC now owns 78,132 shares of the company’s stock valued at $1,676,000 after acquiring an additional 7,928 shares during the period. LPL Financial LLC grew its position in VanEck International High Yield Bond ETF by 4.6% in the 4th quarter. LPL Financial LLC now owns 60,460 shares of the company’s stock valued at $1,330,000 after acquiring an additional 2,647 shares in the last quarter. Finally, Sound Income Strategies LLC grew its position 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 acquiring an additional 6,481 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.