VanEck BDC Income ETF (NYSEARCA:BIZD) Shares Shorted: Short Interest Up 134.5% in September

VanEck BDC Income ETF (NYSEARCA:BIZD) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 5,898,447 shares, a growth of 134.5% from the August 31st total of 2,515,130 shares. Based on an average daily trading volume, of 3,071,822 shares, the short-interest ratio is presently 1.9 days. Approximately 4.9% of the company’s shares are short sold.

Institutional Investors Weigh In On VanEck BDC Income ETF

Institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new position in shares of VanEck BDC Income ETF in the 1st quarter worth about $35,000. EverSource Wealth Advisors LLC grew its holdings in shares of VanEck BDC Income ETF by 53.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,000 shares of the company’s stock worth $64,000 after purchasing an additional 1,750 shares during the period. Legacy Wealth Managment LLC ID purchased a new stake in shares of VanEck BDC Income ETF during the 1st quarter worth about $138,000. WNY Asset Management LLC purchased a new stake in shares of VanEck BDC Income ETF during the 1st quarter worth about $196,000. Finally, GK Wealth Management LLC acquired a new stake in VanEck BDC Income ETF during the 2nd quarter worth approximately $203,000.

VanEck BDC Income ETF Stock Up 0.1%

Shares of BIZD stock traded up $0.01 on Friday, reaching $12.91. 2,302,739 shares of the stock were exchanged, compared to its average volume of 3,371,815. The stock has a market cap of $1.56 billion, a P/E ratio of 11.32 and a beta of 0.65. The firm has a 50 day moving average of $13.06 and a two-hundred day moving average of $12.78. VanEck BDC Income ETF has a 1-year low of $11.97 and a 1-year high of $15.20.

VanEck BDC Income ETF Company Profile

The VanEck BDC Income ETF (BIZD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a market cap-weighted index of US BDC companies whose principal business is to invest in, lend capital to, or provide services to privately held companies. BIZD was launched on Feb 12, 2013 and is managed by VanEck.