VanEck BDC Income ETF (NYSEARCA:BIZD) Sees Strong Trading Volume

Shares of VanEck BDC Income ETF (NYSEARCA:BIZD) saw unusually-strong trading volume on Wednesday . Approximately 843,435 shares were traded during trading, an increase of 38% from the previous session’s volume of 610,480 shares.The stock last traded at $16.91 and had previously closed at $16.78.

VanEck BDC Income ETF Price Performance

The stock’s fifty day simple moving average is $17.00 and its two-hundred day simple moving average is $16.57. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 18.42 and a beta of 0.58.

Hedge Funds Weigh In On VanEck BDC Income ETF

Institutional investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC acquired a new position in VanEck BDC Income ETF during the 3rd quarter valued at approximately $113,000. Rainsberger Wealth Advisors Inc. grew its position in shares of VanEck BDC Income ETF by 5.2% during the third quarter. Rainsberger Wealth Advisors Inc. now owns 41,386 shares of the company’s stock worth $663,000 after acquiring an additional 2,028 shares during the last quarter. Townsquare Capital LLC lifted its position in VanEck BDC Income ETF by 38.1% in the 3rd quarter. Townsquare Capital LLC now owns 172,661 shares of the company’s stock valued at $2,768,000 after purchasing an additional 47,620 shares during the last quarter. Anchor Investment Management LLC acquired a new position in VanEck BDC Income ETF during the 4th quarter valued at about $277,000. Finally, Shilanski & Associates Inc. boosted its stake in VanEck BDC Income ETF by 0.7% during the 4th quarter. Shilanski & Associates Inc. now owns 204,878 shares of the company’s stock valued at $3,286,000 after purchasing an additional 1,511 shares during the period.

VanEck BDC Income ETF Company Profile

The VanEck BDC Income ETF (BIZD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a market cap-weighted index of US BDC companies whose principal business is to invest in, lend capital to, or provide services to privately held companies. BIZD was launched on Feb 12, 2013 and is managed by VanEck.