VanEck High Yield Muni ETF (BATS:HYD – Get Free Report) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 432,269 shares, a drop of 43.9% from the June 15th total of 770,993 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 761,994 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Boyd Watterson Asset Management LLC OH acquired a new stake in shares of VanEck High Yield Muni ETF in the fourth quarter valued at approximately $25,000. US Bancorp DE boosted its position in shares of VanEck High Yield Muni ETF by 101.1% during the third quarter. US Bancorp DE now owns 539 shares of the company’s stock worth $27,000 after buying an additional 271 shares during the period. Turning Point Benefit Group Inc. acquired a new position in shares of VanEck High Yield Muni ETF during the third quarter worth approximately $30,000. Basecamp Wealth Advisors LLC bought a new position in VanEck High Yield Muni ETF in the 1st quarter worth approximately $37,000. Finally, JDM Financial Group LLC bought a new position in VanEck High Yield Muni ETF in the 4th quarter worth approximately $38,000.
VanEck High Yield Muni ETF Stock Performance
VanEck High Yield Muni ETF stock opened at $51.05 on Friday. The company has a 50-day simple moving average of $51.21 and a 200-day simple moving average of $51.07. VanEck High Yield Muni ETF has a one year low of $48.85 and a one year high of $51.68.
About VanEck High Yield Muni ETF
The VanEck High Yield Muni ETF (HYD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index of high-yield, tax-exempt US municipal bonds. HYD was launched on Feb 4, 2009 and is managed by VanEck.
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