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

VanEck BDC Income ETF (NYSEARCA:BIZD) saw unusually-strong trading volume on Tuesday . Approximately 723,814 shares traded hands during trading, an increase of 118% from the previous session’s volume of 332,062 shares.The stock last traded at $16.03 and had previously closed at $16.02.

VanEck BDC Income ETF Stock Performance

The business has a 50 day simple moving average of $15.66 and a two-hundred day simple moving average of $15.01. The firm has a market capitalization of $675.99 million, a P/E ratio of 10.91 and a beta of 1.21.

Hedge Funds Weigh In On VanEck BDC Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of BIZD. Portside Wealth Group LLC purchased a new position in shares of VanEck BDC Income ETF during the 2nd quarter valued at about $390,000. Osaic Holdings Inc. raised its stake in shares of VanEck BDC Income ETF by 200.8% during the second quarter. Osaic Holdings Inc. now owns 311,697 shares of the company’s stock worth $4,787,000 after acquiring an additional 208,073 shares in the last quarter. Wambolt & Associates LLC lifted its holdings in shares of VanEck BDC Income ETF by 8.6% in the 2nd quarter. Wambolt & Associates LLC now owns 28,758 shares of the company’s stock worth $442,000 after acquiring an additional 2,276 shares during the last quarter. Wells Fargo & Company MN lifted its stake in VanEck BDC Income ETF by 1.5% in the second quarter. Wells Fargo & Company MN now owns 621,358 shares of the company’s stock worth $9,544,000 after purchasing an additional 9,111 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in VanEck BDC Income ETF during the 2nd quarter valued at about $495,000.

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.