VanEck BDC Income ETF (NYSEARCA:BIZD) Short Interest Down 36.4% in July

VanEck BDC Income ETF (NYSEARCA:BIZD) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,976,190 shares, a decline of 36.4% from the June 30th total of 4,678,966 shares. Based on an average trading volume of 3,701,694 shares, the short-interest ratio is currently 0.8 days. Approximately 2.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Ferguson Shapiro LLC bought a new stake in VanEck BDC Income ETF during the 2nd quarter valued at $2,211,000. Paller Financial Services Inc bought a new stake in VanEck BDC Income ETF in the 2nd quarter worth $1,654,000. GK Wealth Management LLC purchased a new position in shares of VanEck BDC Income ETF in the second quarter valued at about $203,000. Epiq Partners LLC purchased a new position in shares of VanEck BDC Income ETF in the second quarter valued at about $505,000. Finally, NewEdge Advisors LLC increased its position in shares of VanEck BDC Income ETF by 49.2% in the first quarter. NewEdge Advisors LLC now owns 235,568 shares of the company’s stock valued at $3,015,000 after acquiring an additional 77,674 shares during the period.

VanEck BDC Income ETF Stock Performance

BIZD traded down $0.03 on Thursday, hitting $12.42. 3,475,878 shares of the company were exchanged, compared to its average volume of 3,543,245. The firm has a fifty day simple moving average of $12.51 and a two-hundred day simple moving average of $12.93. VanEck BDC Income ETF has a 12 month low of $11.97 and a 12 month high of $16.32. The stock has a market capitalization of $1.59 billion, a PE ratio of 11.32 and a beta of 0.64.

About VanEck BDC Income ETF

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.