VanEck Short High Yield Muni ETF (BATS:SHYD) Sees Significant Increase in Short Interest

VanEck Short High Yield Muni ETF (BATS:SHYD) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 70,827 shares, a growth of 176.5% from the June 30th total of 25,619 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 81,632 shares, the days-to-cover ratio is presently 0.9 days.

VanEck Short High Yield Muni ETF Price Performance

Shares of VanEck Short High Yield Muni ETF stock opened at $22.68 on Tuesday. The business has a 50-day simple moving average of $22.77 and a 200-day simple moving average of $22.82. VanEck Short High Yield Muni ETF has a one year low of $22.40 and a one year high of $24.03.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Fifth Third Securities Inc. purchased a new stake in shares of VanEck Short High Yield Muni ETF during the 4th quarter worth $859,000. Hamilton Wealth LLC grew its stake in shares of VanEck Short High Yield Muni ETF by 44.6% during the fourth quarter. Hamilton Wealth LLC now owns 101,978 shares of the company’s stock worth $2,336,000 after purchasing an additional 31,442 shares in the last quarter. Diversify Wealth Management LLC purchased a new position in VanEck Short High Yield Muni ETF in the first quarter valued at $941,000. Sage Financial Group Inc. purchased a new position in VanEck Short High Yield Muni ETF in the fourth quarter valued at $1,378,000. Finally, UBS Group AG raised its stake in VanEck Short High Yield Muni ETF by 43.6% in the fourth quarter. UBS Group AG now owns 226,793 shares of the company’s stock valued at $5,196,000 after buying an additional 68,907 shares in the last quarter.

About VanEck Short High Yield Muni ETF

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.