(IHY) VanEck International High - Ratings and Ratios

The VanEck International High Yield Bond ETF (NYSE ARCA:IHY) is a U.S.-listed exchange-traded fund designed to provide exposure to international high-yield corporate bonds. The fund typically allocates at least 80% of its assets to securities included in its benchmark index, which focuses on below-investment-grade bonds issued by corporations globally, excluding U.S. issuers. These bonds are denominated in major currencies such as the Euro, U.S. Dollar, Canadian Dollar, or British Pound Sterling and are issued in either domestic or Eurobond markets.

The ETFs investment strategy involves tracking the performance of its underlying index, which includes a diversified portfolio of international high-yield bonds. This approach allows investors to gain exposure to higher-yielding debt instruments issued by companies in both developed and emerging markets. The funds structure is designed to offer a cost-effective way to access the global high-yield bond market, with a focus on non-U.S. issuers.

From a technical perspective, the ETF has shown recent price strength, with its last price of $21.15 exceeding both its 20-day ($20.87) and 50-day ($20.63) simple moving averages. However, it remains slightly above its 200-day SMA ($20.42), indicating potential support at current levels. The average true range (ATR) of 0.12 suggests relatively low volatility, while the average 20-day volume of 5,804 shares indicates moderate trading activity. The funds assets under management (AUM) of $20.93 million reflect its niche focus within the high-yield bond category.