VanEck High Yield Muni ETF (BATS:HYD) Short Interest Up 69.5% in June

VanEck High Yield Muni ETF (BATS:HYD) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 770,993 shares, an increase of 69.5% from the May 31st total of 454,946 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 736,621 shares, the short-interest ratio is currently 1.0 days.

VanEck High Yield Muni ETF Stock Down 0.0%

Shares of HYD opened at $51.49 on Thursday. VanEck High Yield Muni ETF has a one year low of $48.85 and a one year high of $51.68. The business has a fifty day moving average of $51.17 and a 200 day moving average of $51.05.

Institutional Investors Weigh In On VanEck High Yield Muni ETF

A number of large investors have recently made changes to their positions in HYD. ACT Wealth Management LLC purchased a new stake in VanEck High Yield Muni ETF during the fourth quarter valued at approximately $545,000. Stratos Wealth Partners LTD. boosted its stake in shares of VanEck High Yield Muni ETF by 74.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 42,266 shares of the company’s stock worth $2,161,000 after acquiring an additional 18,085 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its stake in shares of VanEck High Yield Muni ETF by 19.5% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 104,445 shares of the company’s stock worth $5,339,000 after acquiring an additional 17,072 shares during the last quarter. Brindle & Bay Financial Advisors LLC bought a new stake in shares of VanEck High Yield Muni ETF during the 4th quarter valued at $934,000. Finally, Diversified Enterprises LLC grew its position in shares of VanEck High Yield Muni ETF by 93.7% during the 4th quarter. Diversified Enterprises LLC now owns 31,606 shares of the company’s stock valued at $1,616,000 after acquiring an additional 15,293 shares during the period.

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.