Short Interest in VanEck Short High Yield Muni ETF (BATS:SHYD) Declines By 40.9%

VanEck Short High Yield Muni ETF (BATS:SHYD) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 25,619 shares, a decline of 40.9% from the June 15th total of 43,314 shares. Based on an average daily trading volume, of 135,849 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

VanEck Short High Yield Muni ETF Stock Performance

SHYD stock opened at $22.79 on Thursday. The business has a fifty day simple moving average of $22.77 and a 200-day simple moving average of $22.83. VanEck Short High Yield Muni ETF has a 52 week low of $22.31 and a 52 week high of $24.03.

Hedge Funds Weigh In On VanEck Short High Yield Muni ETF

A number of large investors have recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in shares of VanEck Short High Yield Muni ETF during the 3rd quarter worth about $38,000. Allworth Financial LP raised its holdings in VanEck Short High Yield Muni ETF by 34.6% in the third quarter. Allworth Financial LP now owns 2,176 shares of the company’s stock valued at $50,000 after buying an additional 559 shares during the period. CWM LLC lifted its position in VanEck Short High Yield Muni ETF by 200.6% during the fourth 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. JPMorgan Chase & Co. lifted its position in VanEck Short High Yield Muni ETF by 103.4% during the second quarter. JPMorgan Chase & Co. now owns 5,310 shares of the company’s stock valued at $120,000 after buying an additional 2,699 shares in the last quarter. Finally, Blueline Advisors LLC purchased a new stake in VanEck Short High Yield Muni ETF during the fourth quarter worth approximately $131,000.

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.