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

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) was the target of a significant decrease in short interest in the month of 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. Based on an average trading volume of 173,726 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the company’s shares are sold short.

VanEck Emerging Markets High Yield Bond ETF Trading Down 0.3%

Shares of HYEM traded down $0.06 on Friday, reaching $19.39. 42,251 shares of the company’s stock were exchanged, compared to its average volume of 194,861. VanEck Emerging Markets High Yield Bond ETF has a 12 month low of $19.20 and a 12 month high of $20.36. The business has a 50 day moving average price of $19.77 and a two-hundred day moving average price of $19.94.

Hedge Funds Weigh In On VanEck Emerging Markets High Yield Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in HYEM. Ferguson Shapiro LLC bought a new position in shares of VanEck Emerging Markets High Yield Bond ETF during the 2nd quarter valued at about $1,658,000. Focus Financial Network Inc. bought a new stake in shares of VanEck Emerging Markets High Yield Bond ETF in the third quarter valued at about $815,000. Bank of America Corp DE grew 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 buying an additional 2,774,036 shares in the last quarter. Sound Income Strategies LLC bought a new stake in VanEck Emerging Markets High Yield Bond ETF in the 3rd quarter valued at approximately $29,737,000. Finally, Sonoma Allocations LLC grew its stake in shares of VanEck Emerging Markets High Yield Bond ETF by 124.6% during the 2nd quarter. Sonoma Allocations LLC now owns 124,658 shares of the company’s stock worth $2,492,000 after acquiring an additional 69,162 shares in the last quarter.

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.