VanEck BDC Income ETF (BIZD)Financial | Exchange Traded Fund | NYSEArca
13.39 USD
+0.02
(0.150%)
⇧
(Aug. 27, 2026, 4 p.m.
EDT)
After hours: 13.39 |
Hot Take ↕ | Aug. 22, 2026, 4:03 a.m. EDT
The headline 12.3% yield is a deceptive lure masking a deteriorating business quality. While the underlying BDC assets generate cash, the fund's payout ratio is soaring, signaling that distributions are increasingly funded by asset liquidation or leverage rather than sustainable earnings. This structural weakness is driving the stock down nearly 10% over the last nine years, with the most recent annual performance showing another decline. The market is correctly pricing this as a value trap; the high yield is not a reward for quality but a compensation for the risk of capital erosion. Although the recent price action shows a slight bounce off the lows, the fundamental trajectory remains bearish, and the options market confirms this pessimism with heavy hedging activity at lower price levels. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.011298 |
| AutoETS | 0.013438 |
| AutoARIMA | 0.013438 |
| MSTL | 0.013770 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 56% |
| H-stat | 1.75 |
| Ljung-Box p | 0.002 |
| Jarque-Bera p | 0.527 |
| Excess Kurtosis | 0.30 |
| Attribute | Value |
|---|---|
| Trailing P/E | 12.83 |
As of Aug. 22, 2026, 4:03 a.m. EDT: Speculators are positioning defensively with heavy put volume at strikes significantly below the current price (e.g., $6.00 and $10.00 expiring in December), suggesting a fear of deep value traps or a crash scenario. Conversely, call interest is concentrated at out-of-the-money strikes ($14.00-$16.00), indicating a speculative hope for a rebound to historical highs rather than a conviction in immediate upside. The implied volatility is elevated for near-term puts, reflecting anxiety about the sector's payout sustainability.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.91% | 11.54% | 11.26% | 10.90% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-07-01 | 0.239 | 1.905901 |
| 2026-04-01 | 0.482 | 3.980182 |
| 2025-12-29 | 0.402 | 2.855114 |
| 2025-10-01 | 0.401 | 2.800279 |
| 2025-07-01 | 0.439 | 2.757538 |
| 2025-04-01 | 0.430 | 2.604482 |
| 2024-12-27 | 0.445 | 2.679109 |
| 2024-10-01 | 0.463 | 2.897372 |
| 2024-07-01 | 0.453 | 2.725632 |
| 2024-04-01 | 0.458 | 2.816728 |
| 2023-12-27 | 0.468 | 2.899628 |
| 2023-10-02 | 0.437 | 2.856209 |
| 2023-07-03 | 0.419 | 2.793333 |
| 2023-04-03 | 0.435 | 3.027140 |
| 2022-12-28 | 0.423 | 3.004261 |
| 2022-10-03 | 0.410 | 3.059702 |
| 2022-07-01 | 0.407 | 2.690020 |
| 2022-04-01 | 0.347 | 1.952729 |
| 2021-12-29 | 0.361 | 2.103730 |
| 2021-10-01 | 0.351 | 2.070796 |
| 2021-07-01 | 0.318 | 1.876106 |
| 2021-04-01 | 0.371 | 2.310087 |
| 2020-12-29 | 0.325 | 2.391464 |
| 2020-10-01 | 0.360 | 2.992519 |
| 2020-07-01 | 0.385 | 3.318965 |
| 2020-04-01 | 0.356 | 4.304716 |
| 2019-12-30 | 0.366 | 2.188995 |
| 2019-10-01 | 0.367 | 2.257073 |
| 2019-07-01 | 0.386 | 2.378312 |
| 2019-04-01 | 0.410 | 2.541848 |
| 2018-12-27 | 0.407 | 2.850140 |
| 2018-10-01 | 0.388 | 2.321963 |
| 2018-07-02 | 0.350 | 2.132846 |
| 2018-04-02 | 0.383 | 2.417929 |
| 2017-12-27 | 0.425 | 2.551020 |
| 2017-10-02 | 0.374 | 2.127418 |
| 2017-07-03 | 0.370 | 2.049862 |
| 2017-04-03 | 0.347 | 1.833069 |
| 2016-12-28 | 0.365 | 2.042529 |
| 2016-10-03 | 0.352 | 2.017192 |
| 2016-07-01 | 0.406 | 2.463592 |
| 2016-04-01 | 0.410 | 2.515338 |
| 2015-12-29 | 0.398 | 2.511041 |
| 2015-10-01 | 0.330 | 2.078086 |
| 2015-07-01 | 0.380 | 2.178899 |
| 2015-04-01 | 0.330 | 1.811197 |
| 2014-12-29 | 0.431 | 2.403792 |
| 2014-10-01 | 0.415 | 2.173913 |
| 2014-07-01 | 0.340 | 1.635402 |
| 2014-04-01 | 0.340 | 1.669121 |
| 2013-12-27 | 0.356 | 1.698473 |
| 2013-10-01 | 0.330 | 1.625616 |
| 2013-07-01 | 0.250 | 1.263903 |
| 2013-04-01 | 0.207 | 1.026786 |
| Attribute | Value |
|---|---|
| All Time High | 21.71 |
| All Time Low | 6.8 |
| Ask | 0.0 |
| Ask Size | 11,300 |
| Average Daily Volume10 Day | 2,554,460 |
| Average Daily Volume3 Month | 3,135,979 |
| Average Volume | 3,135,979 |
| Average Volume10Days | 2,554,460 |
| Beta3 Year | 0.35 |
| Bid | 0.0 |
| Bid Size | 8,300 |
| Category | Financial |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 13.46 |
| Day Low | 13.32 |
| Dividend Yield | 12.29 |
| Eps Trailing Twelve Months | 1.043336 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 12.761 |
| Fifty Day Average Change | 0.62900066 |
| Fifty Day Average Change Percent | 0.049290862 |
| Fifty Two Week Change Percent | -16.832298 |
| Fifty Two Week High | 16.13 |
| Fifty Two Week High Change | -2.7399988 |
| Fifty Two Week High Change Percent | -0.16986975 |
| Fifty Two Week Low | 11.97 |
| Fifty Two Week Low Change | 1.4200001 |
| Fifty Two Week Low Change Percent | 0.11862991 |
| Fifty Two Week Range | 11.97 - 16.13 |
| First Trade Date Milliseconds | 1,360,679,400,000 |
| Five Year Average Return | 0.0594583 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.0200005 |
| Fullday Change Percent | 0.149592 |
| Fullday Price | 13.39 |
| Fund Family | VanEck |
| Fund Inception Date | 1,360,540,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index and/or in investments or instruments that have investment exposure to securities that comprise its benchmark index. The BDC index is comprised of BDCs. |
| Long Name | VanEck BDC Income ETF |
| Market | us_market |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_223315022 |
| Nav Price | 13.34 |
| Net Assets | 1,567,428,480.0 |
| Net Expense Ratio | 9.69 |
| Open | 13.32 |
| Phone | 888-658-8287 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 13.39 |
| Post Market Time | 1,787,874,229 |
| Previous Close | 13.37 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.0200005 |
| Regular Market Change Percent | 0.149592 |
| Regular Market Day High | 13.46 |
| Regular Market Day Low | 13.32 |
| Regular Market Day Range | 13.32 - 13.46 |
| Regular Market Open | 13.32 |
| Regular Market Previous Close | 13.37 |
| Regular Market Price | 13.39 |
| Regular Market Time | 1,787,860,800 |
| Regular Market Volume | 2,475,216 |
| Short Name | VanEck BDC Income ETF |
| Source Interval | 15 |
| Symbol | BIZD |
| Three Year Average Return | 0.0638581 |
| Total Assets | 1,567,428,480 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 12.833833 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -4.0514 |
| Trailing Three Month Returns | -4.0514 |
| Triggerable | 1 |
| Two Hundred Day Average | 13.2633 |
| Two Hundred Day Average Change | 0.1267004 |
| Two Hundred Day Average Change Percent | 0.009552706 |
| Type Disp | ETF |
| Volume | 2,475,216 |
| Yield | 0.1229 |
| Ytd Return | -7.21215 |