Short Interest in VanEck International High Yield Bond ETF (NYSEARCA:IHY) Declines By 45.9%

VanEck International High Yield Bond ETF (NYSEARCA:IHY) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,639 shares, a drop of 45.9% from the August 15th total of 3,032 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 4,267 shares, the short-interest ratio is currently 0.4 days.

VanEck International High Yield Bond ETF Trading Up 0.3%

NYSEARCA:IHY traded up $0.07 during trading hours on Wednesday, hitting $21.40. 7,638 shares of the company traded hands, compared to its average volume of 16,556. The stock has a market capitalization of $43.01 million, a price-to-earnings ratio of 62.17 and a beta of 0.41. VanEck International High Yield Bond ETF has a twelve month low of $21.18 and a twelve month high of $22.50. The firm has a 50-day moving average of $21.59 and a 200 day moving average of $21.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IHY. Sound Income Strategies LLC lifted its stake in shares of VanEck International High Yield Bond ETF by 12.6% in the first quarter. Sound Income Strategies LLC now owns 58,074 shares of the company’s stock valued at $1,243,000 after buying an additional 6,481 shares during the period. Comprehensive Money Management Services LLC increased its stake in VanEck International High Yield Bond ETF by 11.3% during the first quarter. Comprehensive Money Management Services LLC now owns 78,132 shares of the company’s stock valued at $1,676,000 after acquiring an additional 7,928 shares during the period. Finally, Brookstone Capital Management bought a new position in VanEck International High Yield Bond ETF during the first quarter valued at 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.