VanEck High Yield Muni ETF (BATS:HYD) Sees Significant Decline in Short Interest

VanEck High Yield Muni ETF (BATS:HYD) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 241,055 shares, a drop of 46.7% from the July 15th total of 452,350 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 1,015,843 shares, the short-interest ratio is presently 0.2 days.

VanEck High Yield Muni ETF Price Performance

BATS HYD opened at $50.28 on Tuesday. The company’s 50-day simple moving average is $50.97 and its 200 day simple moving average is $50.94. VanEck High Yield Muni ETF has a twelve month low of $49.08 and a twelve month high of $51.68.

Institutional Investors Weigh In On VanEck High Yield Muni ETF

Several large investors have recently modified their holdings of HYD. Boyd Watterson Asset Management LLC OH acquired a new position in shares of VanEck High Yield Muni ETF in the 4th quarter worth approximately $25,000. US Bancorp DE boosted its stake in VanEck High Yield Muni ETF by 101.1% in the 3rd quarter. US Bancorp DE now owns 539 shares of the company’s stock valued at $27,000 after buying an additional 271 shares in the last quarter. Turning Point Benefit Group Inc. bought a new stake in VanEck High Yield Muni ETF in the third quarter valued at $30,000. Basecamp Wealth Advisors LLC bought a new stake in VanEck High Yield Muni ETF in the first quarter valued at $37,000. Finally, JDM Financial Group LLC acquired a new position in VanEck High Yield Muni ETF during the fourth quarter worth $38,000.

VanEck High Yield Muni ETF Company Profile

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.