VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 345,606 shares, an increase of 91.1% from the July 15th total of 180,849 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 98,686 shares, the days-to-cover ratio is currently 3.5 days.
Institutional Trading of VanEck Emerging Markets High Yield Bond ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in HYEM. Jones Financial Companies Lllp bought a new stake in VanEck Emerging Markets High Yield Bond ETF during the first quarter worth approximately $25,000. Camelot Portfolios LLC bought a new position in shares of VanEck Emerging Markets High Yield Bond ETF in the fourth quarter valued at $27,000. Advisory Services Network LLC bought a new position in shares of VanEck Emerging Markets High Yield Bond ETF in the third quarter valued at $45,000. Harbour Investments Inc. lifted its position in shares of VanEck Emerging Markets High Yield Bond ETF by 11.5% during the 4th quarter. Harbour Investments Inc. now owns 4,936 shares of the company’s stock valued at $98,000 after acquiring an additional 510 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of VanEck Emerging Markets High Yield Bond ETF during the 4th quarter valued at $130,000.
VanEck Emerging Markets High Yield Bond ETF Trading Down 0.1%
HYEM stock traded down $0.03 during trading hours on Monday, hitting $20.04. 57,206 shares of the stock traded hands, compared to its average volume of 211,549. The stock has a 50-day simple moving average of $20.06 and a 200 day simple moving average of $20.04. VanEck Emerging Markets High Yield Bond ETF has a one year low of $19.45 and a one year high of $20.36.
About VanEck Emerging Markets High Yield Bond ETF
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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