VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM – Get Free Report) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 151,384 shares, a decrease of 40.3% from the September 15th total of 253,405 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 173,726 shares, the short-interest ratio is presently 0.9 days.
VanEck Emerging Markets High Yield Bond ETF Price Performance
HYEM stock opened at $19.40 on Thursday. The stock’s 50 day simple moving average is $19.79 and its 200 day simple moving average is $19.95. VanEck Emerging Markets High Yield Bond ETF has a 12-month low of $19.20 and a 12-month high of $20.36.
Institutional Trading of VanEck Emerging Markets High Yield Bond ETF
Several institutional investors have recently added to or reduced their stakes in HYEM. Bank of America Corp DE raised its holdings in shares of VanEck Emerging Markets High Yield Bond ETF by 167.4% during the first quarter. Bank of America Corp DE now owns 4,431,238 shares of the company’s stock worth $87,428,000 after purchasing an additional 2,774,036 shares during the period. Sound Income Strategies LLC bought a new position in shares of VanEck Emerging Markets High Yield Bond ETF in the 3rd quarter worth about $29,737,000. Assetmark Inc. lifted its position in shares of VanEck Emerging Markets High Yield Bond ETF by 13.2% in the 1st quarter. Assetmark Inc. now owns 729,335 shares of the company’s stock worth $14,390,000 after buying an additional 84,849 shares during the last quarter. Ferguson Shapiro LLC bought a new position in shares of VanEck Emerging Markets High Yield Bond ETF in the 2nd quarter worth about $1,658,000. Finally, Whitcomb & Hess Inc. bought a new position in shares of VanEck Emerging Markets High Yield Bond ETF in the 3rd quarter worth about $1,505,000.
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.
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