VanEck High Yield Muni ETF (BATS:HYD) Stock Short Interest Climbs 227.7%

VanEck High Yield Muni ETF (BATS:HYD) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,425,972 shares, an increase of 227.7% from the September 15th total of 435,095 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average trading volume of 2,169,893 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its stake in shares of VanEck High Yield Muni ETF by 18.5% during the first quarter. Bank of America Corp DE now owns 20,710,046 shares of the company’s stock worth $1,038,402,000 after buying an additional 3,239,944 shares during the last quarter. Ocean Park Asset Management LLC acquired a new position in VanEck High Yield Muni ETF in the second quarter valued at approximately $34,290,000. Sei Investments Co. lifted its holdings in VanEck High Yield Muni ETF by 8.2% in the first quarter. Sei Investments Co. now owns 3,507,629 shares of the company’s stock valued at $175,868,000 after buying an additional 264,550 shares during the period. Avidian Wealth Enterprises LLC acquired a new position in VanEck High Yield Muni ETF in the third quarter valued at approximately $3,004,000. Finally, Hamilton Wealth LLC boosted its stake in VanEck High Yield Muni ETF by 126.9% in the fourth quarter. Hamilton Wealth LLC now owns 98,723 shares of the company’s stock valued at $5,047,000 after acquiring an additional 55,208 shares during the last quarter.

VanEck High Yield Muni ETF Price Performance

HYD stock traded up $0.17 during midday trading on Friday, reaching $47.99. The stock had a trading volume of 2,602,901 shares, compared to its average volume of 1,057,366. VanEck High Yield Muni ETF has a twelve month low of $47.49 and a twelve month high of $51.68. The business has a fifty day simple moving average of $49.32 and a two-hundred day simple moving average of $50.40.

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.