VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Sees Significant Decrease in Short Interest

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEMGet Free Report) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 249,564 shares, a decline of 28.5% from the November 30th total of 349,056 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 98,342 shares, the short-interest ratio is currently 2.5 days. Based on an average daily trading volume, of 98,342 shares, the short-interest ratio is currently 2.5 days. Currently, 1.1% of the company’s stock are short sold.

Institutional Investors Weigh In On VanEck Emerging Markets High Yield Bond ETF

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of VanEck Emerging Markets High Yield Bond ETF by 29.4% in the third quarter. Bank of America Corp DE now owns 1,426,955 shares of the company’s stock worth $28,610,000 after acquiring an additional 324,339 shares during the last quarter. Empowered Funds LLC purchased a new position in VanEck Emerging Markets High Yield Bond ETF in the first quarter valued at about $4,638,000. Systelligence LLC acquired a new position in VanEck Emerging Markets High Yield Bond ETF in the 2nd quarter worth about $4,631,000. Belpointe Asset Management LLC purchased a new stake in shares of VanEck Emerging Markets High Yield Bond ETF during the 1st quarter worth about $1,403,000. Finally, Integrity Alliance LLC. purchased a new stake in shares of VanEck Emerging Markets High Yield Bond ETF during the 1st quarter worth about $995,000.

VanEck Emerging Markets High Yield Bond ETF Trading Up 0.1%

NYSEARCA:HYEM traded up $0.02 on Monday, hitting $20.02. 74,391 shares of the company’s stock traded hands, compared to its average volume of 165,742. VanEck Emerging Markets High Yield Bond ETF has a 1 year low of $18.43 and a 1 year high of $20.20. The firm has a 50-day moving average price of $19.95 and a 200-day moving average price of $19.93.

VanEck Emerging Markets High Yield Bond ETF Company Profile

(Get Free Report)

The VanEck Emerging Markets High Yield Bond ETF (HYEM) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index that measures the performance of sub-investment-grade corporate debt from emerging markets. HYEM was launched on May 9, 2012 and is managed by VanEck.

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