Short Interest in VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Declines By 36.7%

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 510,562 shares, a drop of 36.7% from the February 12th total of 806,358 shares. Based on an average daily volume of 118,683 shares, the short-interest ratio is currently 4.3 days. Currently, 2.3% of the company’s shares are sold short. Currently, 2.3% of the company’s shares are sold short. Based on an average daily volume of 118,683 shares, the short-interest ratio is currently 4.3 days.

VanEck Emerging Markets High Yield Bond ETF Price Performance

HYEM traded down $0.03 during trading on Friday, hitting $19.90. The company’s stock had a trading volume of 631,772 shares, compared to its average volume of 193,499. VanEck Emerging Markets High Yield Bond ETF has a twelve month low of $18.43 and a twelve month high of $20.34. The stock’s fifty day moving average price is $20.10 and its 200-day moving average price is $20.02.

VanEck Emerging Markets High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.0997 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Monday, March 2nd.

Hedge Funds Weigh In On VanEck Emerging Markets High Yield Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Coastal Bridge Advisors LLC raised its stake in VanEck Emerging Markets High Yield Bond ETF by 4.3% during the 4th quarter. Coastal Bridge Advisors LLC now owns 14,239 shares of the company’s stock worth $283,000 after buying an additional 585 shares during the period. Guggenheim Capital LLC increased its holdings in shares of VanEck Emerging Markets High Yield Bond ETF by 6.9% during the fourth quarter. Guggenheim Capital LLC now owns 66,682 shares of the company’s stock valued at $1,326,000 after acquiring an additional 4,285 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of VanEck Emerging Markets High Yield Bond ETF by 0.5% during the fourth quarter. Cetera Investment Advisers now owns 109,786 shares of the company’s stock valued at $2,184,000 after acquiring an additional 530 shares in the last quarter. &PARTNERS raised its position in shares of VanEck Emerging Markets High Yield Bond ETF by 5.0% during the fourth quarter. &PARTNERS now owns 167,240 shares of the company’s stock worth $3,326,000 after purchasing an additional 8,011 shares during the period. Finally, Royal Bank of Canada raised its position in shares of VanEck Emerging Markets High Yield Bond ETF by 10.2% during the fourth quarter. Royal Bank of Canada now owns 144,733 shares of the company’s stock worth $2,879,000 after purchasing an additional 13,406 shares during the period.

VanEck Emerging Markets High Yield Bond ETF Company Profile

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.