Seeking AlphaT3·28mo ago
SHYD VanEck Short High Yield Muni ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
SHYD
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Key stats
About
VanEck Short High Yield Muni ETF (SHYD) ETF
No description available.
- Exchange
- BATS
- Inception
- 2014-01-13
- Has Options
- No
- Homepage
- https://www.vaneck.com/us/en/investments/etf/
Fund profile
holdings as of Oct 8, 2026issuer datathrough Jul 2026flows, SEC filings
Resets to −1x its benchmark's return each day. Over longer periods the result compounds and can differ sharply from −1x the benchmark, especially when it is volatile. Decay analysis
- Expense ratio
- 0.32% issuer, Oct 10, 2026
- Assets
- $478M issuer-reported, Oct 8, 2026
- Trailing yield
- 3.73% paid monthly
- Average daily volume
- $6.6M 30 sessions
- Holdings
- 613 top 10 are 9.7%
- Listed
- Jan 13, 2014 Cboe BZX
- Last fee change
- -3 bp filed Aug 27, 2025
- Tracking difference
- +0.31 pts vs index, after fees, FY 2026
Cost99
Liquidity61
Scale62
Diversificationn/a
Moves with. Long Treasuries (21% of its variance, beta 0.16). These factors explain 25% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. VanEck Short High Yield Muni ETF (the Fund) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE 1-12 Year Broad High Yield Crossover Municipal Index (the Short High Yield Index). (from the fund's prospectus)
All 613 holdingsFlow historyOverlap toolAll Leveraged & Inverse Bond ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- +$4.5M latest reported month
- Latest 3 months
- +$30M +6.6% of assets
- Latest 12 months
- +$118M +26.3% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$4.5M |
| Jun 2026 | +$24M |
| May 2026 | +$1.1M |
| Apr 2026 | +$7.9M |
| Mar 2026 | +$3.4M |
| Feb 2026 | +$11M |
| Jan 2026 | +$10M |
| Dec 2025 | +$16M |
| Nov 2025 | +$4.6M |
| Oct 2025 | +$11M |
| Sep 2025 | +$11M |
| Aug 2025 | +$12M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| TMFDirexion Daily 20+ Year Treasury Bull 3X ETF | — | — | $2.0B | −35.6% | compare |
| TBTProShares Trust UltraShort Lehman 20+ Year Treasury | — | 0.91% | $358M | +24.6% | compare |
| TMVDirexion Daily 20+ Year Treasury Bear 3X ETF | — | — | $239M | +41.0% | compare |
| TBFProShares Short 20+ Year Treasury ETF | — | 0.95% | $139M | +12.5% | compare |
| UBTProShares Ultra 20+ Year Treasury | — | 0.95% | $63M | −23.4% | compare |
The largest other funds in the Leveraged & Inverse Bond category.
Under the hood
fiscal year to Apr 30, 2026SEC census- Authorized participants
- 5 active of 41 with agreements; top 3 did 91%
- Created · redeemed
- $100M · $0 over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 50,000 shares
- Securities lending
- not authorized
- Return vs index
- +0.31 pts after fees; +0.66 before; daily s.d. 0.14
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-10-08
Holdings
613
AUM
$478.5M
Provider
VanEck
Inception
2014-01-13
Exchange
BATS
Data As Of
2026-10-08
Expense Ratio
0.32%
Dividend Yield
3.73%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-01 | 2026-10-06 | $0.0639 | CD |
| 2026-09-01 | 2026-09-04 | $0.0680 | CD |
| 2026-08-03 | 2026-08-06 | $0.0713 | CD |
| 2026-07-01 | 2026-07-07 | $0.0863 | CD |
| 2026-06-01 | 2026-06-04 | $0.0496 | CD |
| 2026-05-01 | 2026-05-06 | $0.0716 | CD |
Asset Allocation
Top Holdings
top 50 of 613 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | California Municipal Finance Authority | 1.47% | Municipal Bond | US |
| — | California Infrastructure & Economic De | 1.26% | Corporate Bond | — |
| — | Patriots Energy Group Financing Agency | 1.09% | Corporate Bond | US |
| — | Mission Economic Development Corp | 0.98% | Corporate Bond | US |
| — | Commonwealth Of Puerto Rico | 0.89% | Corporate Bond | — |
| — | City & County Of Denver Co | 0.82% | Corporate Bond | US |
| — | Commonwealth Of Puerto Rico | 0.81% | Corporate Bond | — |
| — | Chicago Board Of Education | 0.80% | Corporate Bond | US |
| — | Baldwin County Industrial Development A | 0.79% | Corporate Bond | — |
| — | Greater Orlando Aviation Authority | 0.79% | Corporate Bond | US |
| — | Black Belt Energy Gas District | 0.75% | Corporate Bond | US |
| — | City Of Houston Tx Airport System Reven | 0.74% | Corporate Bond | — |
| — | Chandler Industrial Development Authori | 0.73% | Corporate Bond | — |
| — | New York Transportation Development Cor | 0.73% | Corporate Bond | — |
| — | Baldwin County Industrial Development A | 0.73% | Corporate Bond | — |
| — | Commonwealth Of Puerto Rico | 0.66% | Corporate Bond | — |
| — | Kentucky Public Energy Authority | 0.66% | Corporate Bond | US |
| — | New York Transportation Development Cor | 0.65% | Corporate Bond | — |
| — | Alabama Toll Road Bridge And Tunnel Aut | 0.64% | Corporate Bond | — |
| — | New York Transportation Development Cor | 0.55% | Corporate Bond | — |
| — | California Community Choice Financing A | 0.55% | Corporate Bond | — |
| — | City Of Houston Tx Airport System Reven | 0.53% | Corporate Bond | — |
| — | New York Transportation Development Cor | 0.50% | Corporate Bond | — |
| — | New York Transportation Development Cor | 0.50% | Corporate Bond | — |
| — | California Housing Finance Agency | 0.50% | Corporate Bond | US |
| — | Chicago Board Of Education | 0.49% | Corporate Bond | US |
| — | E-470 Public Highway Authority | 0.48% | Corporate Bond | US |
| — | New Hampshire Business Finance Authorit | 0.46% | Corporate Bond | — |
| — | Metropolitan Transportation Authority | 0.45% | Corporate Bond | US |
| — | County Of Allen Oh Hospital Facilities | 0.45% | Corporate Bond | — |
| — | California Community Choice Financing A | 0.43% | Corporate Bond | — |
| — | Colorado Health Facilities Authority | 0.43% | Corporate Bond | US |
| — | Puerto Rico Sales Tax Financing Corp Sa | 0.43% | Corporate Bond | — |
| — | Greater Orlando Aviation Authority | 0.43% | Corporate Bond | US |
| — | Mission Economic Development Corp | 0.43% | Corporate Bond | US |
| — | Indiana Finance Authority | 0.43% | Corporate Bond | US |
| — | Puerto Rico Commonwealth Aqueduct & Sew | 0.43% | Corporate Bond | — |
| — | City Of Houston Tx Airport System Reven | 0.42% | Corporate Bond | — |
| — | Chandler Industrial Development Authori | 0.42% | Corporate Bond | — |
| — | Chicago Board Of Education | 0.42% | Corporate Bond | US |
| — | Montgomery County Industrial Developmen | 0.42% | Corporate Bond | — |
| — | Black Belt Energy Gas District | 0.42% | Corporate Bond | US |
| — | Chicago Board Of Education | 0.42% | Corporate Bond | US |
| — | City Of Houston Tx Airport System Reven | 0.42% | Corporate Bond | — |
| — | Chicago Board Of Education | 0.42% | Corporate Bond | US |
| — | Chicago Board Of Education | 0.41% | Corporate Bond | US |
| — | New York Transportation Development Cor | 0.41% | Corporate Bond | — |
| — | City Of Houston Tx Airport System Reven | 0.41% | Corporate Bond | — |
| — | Brooklyn Arena Local Development Corp | 0.38% | Corporate Bond | US |
| — | City Of Houston Tx Airport System Reven | 0.37% | Corporate Bond | — |
Non-Equity Breakdown
VanEck Short High Yield Muni ETF ·
NPORT-P period 2026-04-30
(filed 2026-06-25)
Net assets:
$423M
· 542 total positions
· equity 0.00%
· non-equity 93.97%
Non-equity holdings
— 542 positions,
93.97% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Municipal | 93.93% | $397.5M | 541 |
| Derivative (equity) | 0.04% | $183750 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 2.36% | -3.07% | 0.85% | -0.23% | 1.16% | 0.70% | 0.29% |
| Feb | -1.15% | -1.19% | -0.93% | 0.77% | 1.02% | 0.48% | -0.17% |
| Mar | 0.58% | -3.76% | 0.13% | 0.95% | -1.27% | -1.26% | -0.77% |
| Apr | 0.80% | -2.83% | 0.85% | -0.18% | -1.48% | 0.44% | -0.40% |
| May | 0.56% | 2.44% | -0.09% | -0.72% | 0.85% | 0.44% | 0.58% |
| Jun | 0.95% | -2.81% | 0.50% | 1.04% | 1.07% | 0.73% | 0.25% |
| Jul | 0.75% | 2.76% | -0.40% | 0.58% | 0.36% | -0.53% | 0.59% |
| Aug | -0.31% | -1.95% | 0.27% | 0.13% | 0.49% | 0.11% | -0.21% |
| Sep | -1.18% | -3.33% | -1.82% | 0.80% | 0.99% | -2.75% | -1.22% |
| Oct | -0.24% | -0.85% | -0.09% | -0.26% | 0.18% | 0.32%* | -0.16% |
| Nov | 0.60% | 3.35% | 1.99% | 0.80% | 0.40% | -- | 1.43% |
| Dec | 0.16% | -0.85% | 1.42% | -1.10% | 0.39% | -- | 0.00% |
| Total | 3.90% | -11.75% | 2.65% | 2.58% | 4.20% | -1.37% | 0.03% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $22.09
SMA 50: $22.41
SMA 200: $22.72
Current: $22.08
EMA 12: $22.02
EMA 26: $22.16
MACD: -0.1326 | Signal: 0.0185
BEARISH
ADX (14): 54.19
STRONG TREND
+DI: 14.82
−DI: 26.12
Momentum Oscillators
RSI (14): 44.91
NEUTRAL
Stoch %K: 42.02
Stoch %D: 34.60
Williams %R: -42.11
Volume & Volatility
BB Upper: $22.44
BB Lower: $21.74
NEUTRAL
OBV: -2,169,238
Vol SMA 20: 397,886
Vol ROC: 25.73%
ATR: $0.13
True Range: $0.10
HV 20: 5.8%
HV 30: 5.1%
HV 60: 4.0%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-11T00:00:00 – 2026-10-09T00:00:00
AI Analysis
Here is the LLM Stock Analysis Prompt Template:
Executive Summary
Overall assessment: BEARISH/NEUTRAL (6/10)
Key drivers: Technical signals indicate a bearish trend, while news headlines suggest a neutral market.
Primary risks: Continued negative sentiment in news headlines and technical breakdowns may lead to further losses.
Investment thesis: Short-term selling pressure is likely due to the bearish MACD signal and oversold RSI reading. Medium-term, support at $22.50 could hold, but there are risks of a potential breakdown below this level.
Recent news sentiment impact: Neutral headlines have had little impact on the stock price, which suggests that market participants are more focused on technical signals than news developments.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): BEARISH
- Medium-term (1-3 months): NEUTRAL
- Long-term (3-12 months): BULLISH
Support/Resistance Levels:
- Lower band: $22.50
- Middle line: $22.65
- Upper band: $22.81
Momentum Signals:
- RSI interpretation: Oversold (<30) - potential buy signal
- MACD signal: Bearish (below signal line)
- Bollinger Bands position: Neutral (squeeze)
Volume Analysis:
- Volume trends: Falling volume suggests decreasing institutional interest
- Institutional interest signals: Low buying pressure
News & Sentiment Analysis
Recent Headlines Summary:
The news headlines are generally neutral, with no significant market-moving events or catalysts.
Sentiment Assessment: NEUTRAL
Catalyst Identification: None
Market Narrative: Technical signals dominate the market narrative, with the bearish MACD signal and oversold RSI reading driving price action.
Risk & Volatility Assessment
Beta Interpretation:
- Beta: 0.06 (low volatility) - stock moves less than market
Volatility Regime:
- Current vs historical volatility levels: Low volatility regime
Options Market Signals:
- IV rank: N/A
- Put/call ratios: N/A
- Unusual activity: None
Downside Protection:
- Support levels: $22.50
- Risk management considerations: Stop-loss levels and position sizing considerations
Market Context & Positioning
Sector Performance:
- Relative strength vs sector/market: Neutral
Institutional Activity:
- Volume patterns suggesting institutional interest: Low buying pressure
Correlation Analysis:
- R-squared interpretation: Stock moves less than market (low correlation)
Relative Valuation:
- Position within trading range: Bearish momentum signals a potential breakdown below $22.50
Key Levels & Action Items
Critical Price Levels:
- Support/resistance to monitor: $22.50, $22.65, and $22.81
Breakout/Breakdown Levels:
- Technical levels that could trigger significant moves: Breakdown below $22.50 or breakout above $22.81
Time-Sensitive Catalysts:
- Earnings dates: None available
- FDA approvals: None available
- Product launches: None available
Risk Management:
- Stop-loss levels and position sizing considerations: Monitor volume and market conditions to adjust risk management strategies.
Please note that this analysis is based on the provided data, and actual stock performance may differ.
Generated
News
All SHYD news →
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SHYD Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.0570
Alpha: -4.03%
Correlation: 0.2352
R-Squared: 5.5%
Stock Volatility: 3.2%
Market Volatility: 13.0%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
SHYD Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|