VanEck International High Yield Bond ETF (NYSEARCA:IHY) Sees Large Growth in Short Interest

VanEck International High Yield Bond ETF (NYSEARCA:IHY) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 19,668 shares, an increase of 32.8% from the December 31st total of 14,809 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 19,836 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 19,836 shares, the short-interest ratio is presently 1.0 days. Approximately 0.9% of the company’s stock are short sold.

Institutional Investors Weigh In On VanEck International High Yield Bond ETF

A number of large investors have recently added to or reduced their stakes in the stock. Investment Advisory Group LLC bought a new stake in shares of VanEck International High Yield Bond ETF during the 2nd quarter worth $355,000. Orion Porfolio Solutions LLC acquired a new position in VanEck International High Yield Bond ETF during the 2nd quarter worth $1,276,000. Sykon Capital LLC lifted its position in VanEck International High Yield Bond ETF by 348.5% during the 2nd quarter. Sykon Capital LLC now owns 247,703 shares of the company’s stock worth $5,462,000 after acquiring an additional 192,475 shares during the last quarter. NewSquare Capital LLC boosted its holdings in VanEck International High Yield Bond ETF by 21.1% during the second quarter. NewSquare Capital LLC now owns 77,101 shares of the company’s stock valued at $1,700,000 after acquiring an additional 13,411 shares during the period. Finally, RPg Family Wealth Advisory LLC bought a new stake in VanEck International High Yield Bond ETF during the second quarter valued at about $7,486,000.

VanEck International High Yield Bond ETF Price Performance

VanEck International High Yield Bond ETF stock opened at $22.15 on Wednesday. VanEck International High Yield Bond ETF has a one year low of $20.23 and a one year high of $22.50. The company’s fifty day moving average price is $22.06 and its two-hundred day moving average price is $22.03. The company has a market capitalization of $50.95 million, a price-to-earnings ratio of 62.17 and a beta of 0.43.

VanEck International High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be paid a $0.0987 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Monday, February 2nd.

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.