VanEck High Yield Muni ETF (BATS:HYD) Short Interest Up 112.9% in August

VanEck High Yield Muni ETF (BATS:HYD) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 508,651 shares, an increase of 112.9% from the August 15th total of 238,944 shares. Based on an average trading volume of 949,836 shares, the short-interest ratio is currently 0.5 days. Currently, 0.8% of the company’s shares are sold short.

VanEck High Yield Muni ETF Price Performance

Shares of BATS:HYD opened at $48.76 on Wednesday. The business’s 50-day moving average is $50.24 and its 200-day moving average is $50.73. VanEck High Yield Muni ETF has a 1 year low of $48.69 and a 1 year high of $51.68.

Hedge Funds Weigh In On VanEck High Yield Muni ETF

Institutional investors have recently added to or reduced their stakes in the business. Basecamp Wealth Advisors LLC acquired a new stake in shares of VanEck High Yield Muni ETF during the 1st quarter worth approximately $37,000. Blue Trust Inc. boosted its stake in VanEck High Yield Muni ETF by 159.0% during the first quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock worth $52,000 after acquiring an additional 639 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in VanEck High Yield Muni ETF in the fourth quarter worth $55,000. Centennial Bank AR grew its holdings in VanEck High Yield Muni ETF by 83.8% in the fourth quarter. Centennial Bank AR now owns 1,669 shares of the company’s stock worth $85,000 after purchasing an additional 761 shares during the period. Finally, International Assets Investment Management LLC increased its stake in VanEck High Yield Muni ETF by 24.2% in the first quarter. International Assets Investment Management LLC now owns 1,757 shares of the company’s stock valued at $89,000 after purchasing an additional 342 shares in the last quarter.

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.