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

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totaling 328,932 shares, a decrease of 17.2% from the March 15th total of 397,403 shares. Based on an average daily trading volume, of 385,508 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.3% of the shares of the stock are short sold.

VanEck Emerging Markets High Yield Bond ETF Price Performance

HYEM stock traded up $0.04 on Friday, reaching $20.14. The company had a trading volume of 84,527 shares, compared to its average volume of 221,522. VanEck Emerging Markets High Yield Bond ETF has a 1 year low of $18.88 and a 1 year high of $20.34. The company’s fifty day moving average is $19.97 and its 200 day moving average is $19.97.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC lifted its stake in shares of VanEck Emerging Markets High Yield Bond ETF by 3.3% during the 4th quarter. Sound Income Strategies LLC now owns 2,100,916 shares of the company’s stock worth $42,186,000 after purchasing an additional 66,206 shares during the period. Bank of America Corp DE increased its holdings in VanEck Emerging Markets High Yield Bond ETF by 29.4% in the 3rd quarter. Bank of America Corp DE now owns 1,426,955 shares of the company’s stock valued at $28,610,000 after purchasing an additional 324,339 shares in the last quarter. Assetmark Inc. increased its holdings in VanEck Emerging Markets High Yield Bond ETF by 3.1% in the 4th quarter. Assetmark Inc. now owns 644,486 shares of the company’s stock valued at $12,819,000 after purchasing an additional 19,306 shares in the last quarter. LPL Financial LLC increased its holdings in VanEck Emerging Markets High Yield Bond ETF by 10.3% in the 4th quarter. LPL Financial LLC now owns 311,839 shares of the company’s stock valued at $6,202,000 after purchasing an additional 29,080 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of VanEck Emerging Markets High Yield Bond ETF by 6.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 250,966 shares of the company’s stock valued at $4,992,000 after acquiring an additional 16,157 shares in the last quarter.

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.