VanEck International High Yield Bond ETF (NYSEARCA:IHY) Short Interest Down 41.3% in May

VanEck International High Yield Bond ETF (NYSEARCA:IHY) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 7,618 shares, a decline of 41.3% from the May 14th total of 12,976 shares. Based on an average trading volume of 19,386 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are short sold.

VanEck International High Yield Bond ETF Stock Performance

IHY stock traded up $0.06 during mid-day trading on Monday, reaching $21.84. 51,911 shares of the stock traded hands, compared to its average volume of 21,375. VanEck International High Yield Bond ETF has a one year low of $21.18 and a one year high of $22.50. The stock has a market capitalization of $50.23 million, a PE ratio of 62.17 and a beta of 0.41. The business has a 50-day moving average price of $21.79 and a two-hundred day moving average price of $21.90.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IHY. Dunhill Financial LLC increased its position in VanEck International High Yield Bond ETF by 118.5% during the third quarter. Dunhill Financial LLC now owns 257,508 shares of the company’s stock valued at $5,687,000 after acquiring an additional 139,632 shares during the last quarter. Orion Porfolio Solutions LLC bought a new position in VanEck International High Yield Bond ETF during the second quarter valued at $1,276,000. Sound Income Strategies LLC bought a new position in shares of VanEck International High Yield Bond ETF in the fourth quarter worth about $1,137,000. Jane Street Group LLC grew its holdings in shares of VanEck International High Yield Bond ETF by 262.9% in the fourth quarter. Jane Street Group LLC now owns 33,521 shares of the company’s stock worth $737,000 after purchasing an additional 24,283 shares during the last quarter. Finally, Brookstone Capital Management bought a new position in shares of VanEck International High Yield Bond ETF in the first quarter worth about $519,000.

About VanEck International High Yield Bond ETF

The VanEck International High Yield Bond ETF (IHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of international corporate bonds rated below investment grade and denominated in developed-market currencies. IHY was launched on Apr 2, 2012 and is managed by VanEck.