VanEck Short High Yield Muni ETF (BATS:SHYD) Short Interest Up 541.4% in May

VanEck Short High Yield Muni ETF (BATS:SHYD) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 153,964 shares, an increase of 541.4% from the May 14th total of 24,005 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 98,965 shares, the days-to-cover ratio is presently 1.6 days.

VanEck Short High Yield Muni ETF Stock Performance

VanEck Short High Yield Muni ETF stock opened at $22.79 on Thursday. The business has a 50-day simple moving average of $22.69 and a two-hundred day simple moving average of $22.84. VanEck Short High Yield Muni ETF has a 52-week low of $22.31 and a 52-week high of $24.03.

Institutional Investors Weigh In On VanEck Short High Yield Muni ETF

A number of large investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of VanEck Short High Yield Muni ETF during the 3rd quarter valued at about $38,000. AE Wealth Management LLC lifted its position in shares of VanEck Short High Yield Muni ETF by 5,697.1% during the 3rd quarter. AE Wealth Management LLC now owns 2,029 shares of the company’s stock valued at $46,000 after buying an additional 1,994 shares in the last quarter. Allworth Financial LP lifted its position in shares of VanEck Short High Yield Muni ETF by 34.6% during the 3rd quarter. Allworth Financial LP now owns 2,176 shares of the company’s stock valued at $50,000 after buying an additional 559 shares in the last quarter. Assetmark Inc. lifted its position in shares of VanEck Short High Yield Muni ETF by 158.0% during the 3rd quarter. Assetmark Inc. now owns 2,822 shares of the company’s stock valued at $65,000 after buying an additional 1,728 shares in the last quarter. Finally, CWM LLC lifted its position in shares of VanEck Short High Yield Muni ETF by 200.6% during the 4th quarter. CWM LLC now owns 4,046 shares of the company’s stock valued at $93,000 after buying an additional 2,700 shares in the last quarter.

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.