VanEck Short High Yield Muni ETF
SHYD
23 hedge funds and large institutions have $43M invested in VanEck Short High Yield Muni ETF in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 7 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 6
10.84% less ownership
Funds ownership: 53.7% → 42.86% (-11%)
12% less funds holding
Funds holding: 26 → 23 (-3)
22% less capital invested
Capital invested by funds: $55.3M → $43M (-$12.3M)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$3.95M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.24M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$720K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
+$639K |
| 5 |
NEIRG
New England Investment & Retirement Group
North Andover,
Massachusetts
|
+$153K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$7.19M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.78M |
| 3 |
Jane Street
New York
|
-$5.04M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$1.03M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$362K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Jane Street
New York
| – | -$5.04M | -205,413 | Closed |
|
|
VKH
27
Virtu KCG Holdings
New York
| – | -$1.03M | -42,135 | Closed |
|
|
CG
28
Colony Group
Boston,
Massachusetts
| – | -$338K | -13,765 | Closed |
|
29
Envestnet Asset Management
Chicago,
Illinois
| – | -$302K | -12,322 | Closed |
|
SHYD Hedge Fund Activity: Q1 2016 in Review
23 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in VanEck Short High Yield Muni ETF (SHYD) for Q1 2016, worth a combined $43M — down 22% from $55.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SHYD and 4 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 11 added.
The largest buyer was Wells Fargo, adding an estimated $3.95M. The largest seller was Tortoise Investment Management, exiting entirely with an estimated $7.19M sold.
- 23 institutional investors held VanEck Short High Yield Muni ETF (SHYD) as of Q1 2016, down from 26 in Q4 2015.
- Funds reported $43M of VanEck Short High Yield Muni ETF stock for Q1 2016, down 22% quarter-over-quarter.
- 4 funds opened new VanEck Short High Yield Muni ETF positions in Q1 2016 and 7 closed out, a net change of -3 holders.
- The largest VanEck Short High Yield Muni ETF buyer in Q1 2016 was Wells Fargo, an estimated $3.95M added.
- The largest VanEck Short High Yield Muni ETF seller in Q1 2016 was Tortoise Investment Management, an estimated $7.19M sold.
Based on aggregated 13F filings for Q1 2016.