VanEck High Yield Muni ETF (BATS:HYD) Short Interest Down 43.9% in June

VanEck High Yield Muni ETF (BATS:HYD) was the target of a significant drop in short interest in 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 stock are short sold. Based on an average trading volume of 761,994 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On VanEck High Yield Muni ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in shares of VanEck High Yield Muni ETF by 18.5% in the first quarter. Bank of America Corp DE now owns 20,710,046 shares of the company’s stock valued at $1,038,402,000 after buying an additional 3,239,944 shares during the last quarter. American Family Investments Inc. purchased a new position in shares of VanEck High Yield Muni ETF in the fourth quarter worth about $148,607,000. HighTower Advisors LLC boosted its position in VanEck High Yield Muni ETF by 663.5% during the fourth quarter. HighTower Advisors LLC now owns 2,499,427 shares of the company’s stock worth $127,771,000 after acquiring an additional 2,172,057 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in VanEck High Yield Muni ETF by 126.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,507,331 shares of the company’s stock worth $77,055,000 after acquiring an additional 841,078 shares during the last quarter. Finally, Ocean Park Asset Management LLC purchased a new stake in VanEck High Yield Muni ETF during the 2nd quarter valued at about $34,290,000.

VanEck High Yield Muni ETF Trading Down 0.1%

Shares of HYD opened at $51.14 on Thursday. VanEck High Yield Muni ETF has a one year low of $48.85 and a one year high of $51.68. The stock has a 50 day moving average price of $51.22 and a 200 day moving average price of $51.07.

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.