VanEck Moodys Analytics IG Corporate Bond ETF (BATS:MIG) Sees Large Increase in Short Interest

VanEck Moodys Analytics IG Corporate Bond ETF (BATS:MIG – Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 57,362 shares, a growth of 239.7% from the August 31st total of 16,887 shares. Approximately 8.8% of the company’s shares are sold short. Based on an average daily volume of 11,929 shares, the days-to-cover ratio is currently 4.8 days.

VanEck Moodys Analytics IG Corporate Bond ETF Stock Performance

MIG remained flat at $20.36 on Friday. 3,457 shares of the company traded hands, compared to its average volume of 7,068. The stock’s 50-day simple moving average is $20.82 and its two-hundred day simple moving average is $21.13. VanEck Moodys Analytics IG Corporate Bond ETF has a 12-month low of $20.32 and a 12-month high of $22.09.

VanEck Moodys Analytics IG Corporate Bond ETF Company Profile

(Get Free Report)

The VanEck Moody’s Analytics IG Corporate Bond ETF (MIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment grade corporate bonds issued in the US domestic market. MIG was launched on Dec 1, 2020 and is managed by VanEck.

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