Ivy Funds – Delaware Ivy High Income Opportunities Fund (NYSE:IVH) Sees Significant Drop in Short Interest

Ivy Funds – Delaware Ivy High Income Opportunities Fund (NYSE:IVH – Get Rating) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 2,400 shares, a drop of 27.3% from the May 31st total of 3,300 shares. Based on an average trading volume of 68,400 shares, the short-interest ratio is currently 0.0 days.

NYSE IVH traded up $0.05 on Monday, reaching $10.29. 3,060 shares of the company’s stock traded hands, compared to its average volume of 63,794. Ivy Funds – Delaware Ivy High Income Opportunities Fund has a 12 month low of $10.13 and a 12 month high of $14.34. The stock has a 50-day simple moving average of $11.02 and a 200 day simple moving average of $12.34.

The firm also recently declared a monthly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th were given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date of this dividend was Wednesday, June 15th.

A number of hedge funds and other institutional investors have recently modified their holdings of IVH. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Ivy Funds – Delaware Ivy High Income Opportunities Fund by 670.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,406 shares of the company’s stock worth $47,000 after purchasing an additional 2,964 shares during the last quarter. CWM LLC bought a new position in shares of Ivy Funds – Delaware Ivy High Income Opportunities Fund in the fourth quarter worth approximately $79,000. Commonwealth Equity Services LLC bought a new position in shares of Ivy Funds – Delaware Ivy High Income Opportunities Fund in the fourth quarter worth approximately $175,000. CX Institutional grew its holdings in shares of Ivy Funds – Delaware Ivy High Income Opportunities Fund by 23.8% in the fourth quarter. CX Institutional now owns 13,018 shares of the company’s stock worth $181,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in shares of Ivy Funds – Delaware Ivy High Income Opportunities Fund in the first quarter worth approximately $210,000.

Ivy Funds – Delaware Ivy High Income Opportunities Fund Company Profile (Get Rating)

Ivy Funds – Delaware Ivy High Income Opportunities Fund is a closed ended fixed income mutual fund launched and managed by Ivy Investment Management Company. The fund invests in fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in high-yield corporate bonds of various maturities, secured loans, and other corporate fixed-income instruments, which are rated below investment grade (below Baa3 by Moody's or below BBB- by either S&P or Fitch).

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