VanEck Short High Yield Muni ETF (BATS:SHYD) Sees Significant Growth in Short Interest

VanEck Short High Yield Muni ETF (BATS:SHYD) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 70,827 shares, an increase of 176.5% from the June 30th total of 25,619 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 81,632 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its position in shares of VanEck Short High Yield Muni ETF by 10.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,833,017 shares of the company’s stock valued at $41,994,000 after purchasing an additional 170,030 shares in the last quarter. Wells Fargo & Company MN boosted its stake in VanEck Short High Yield Muni ETF by 16.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,484,974 shares of the company’s stock valued at $34,021,000 after buying an additional 205,301 shares during the period. Bank of America Corp DE grew its position in VanEck Short High Yield Muni ETF by 17.0% during the third quarter. Bank of America Corp DE now owns 644,738 shares of the company’s stock worth $14,764,000 after buying an additional 93,700 shares in the last quarter. LPL Financial LLC grew its position in VanEck Short High Yield Muni ETF by 5.9% during the fourth quarter. LPL Financial LLC now owns 335,339 shares of the company’s stock worth $7,683,000 after buying an additional 18,696 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in VanEck Short High Yield Muni ETF by 213.1% in the 2nd quarter. Raymond James Financial Inc. now owns 326,235 shares of the company’s stock worth $7,369,000 after acquiring an additional 222,045 shares during the last quarter.

VanEck Short High Yield Muni ETF Trading Up 0.4%

SHYD stock traded up $0.09 during midday trading on Monday, reaching $22.68. 5,163 shares of the company’s stock traded hands, compared to its average volume of 96,592. The company has a 50-day moving average price of $22.77 and a two-hundred day moving average price of $22.82. VanEck Short High Yield Muni ETF has a 52 week low of $22.40 and a 52 week high of $24.03.

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.