VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Short Interest Update

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 384,832 shares, an increase of 101.0% from the April 30th total of 191,491 shares. Based on an average trading volume of 96,012 shares, the short-interest ratio is currently 4.0 days. Approximately 1.5% of the company’s stock are sold short.

VanEck Emerging Markets High Yield Bond ETF Stock Performance

Shares of NYSEARCA:HYEM opened at $20.14 on Wednesday. VanEck Emerging Markets High Yield Bond ETF has a 12 month low of $19.43 and a 12 month high of $20.34. The company’s fifty day simple moving average is $19.97 and its 200 day simple moving average is $20.00.

Institutional Investors Weigh In On VanEck Emerging Markets High Yield Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in HYEM. Royal Bank of Canada raised its holdings in shares of VanEck Emerging Markets High Yield Bond ETF by 14.4% during the first quarter. Royal Bank of Canada now owns 175,757 shares of the company’s stock worth $3,454,000 after acquiring an additional 22,168 shares during the period. Jones Financial Companies Lllp bought a new position in VanEck Emerging Markets High Yield Bond ETF in the first quarter valued at $25,000. Jane Street Group LLC increased its stake in VanEck Emerging Markets High Yield Bond ETF by 23.5% in the 1st quarter. Jane Street Group LLC now owns 167,832 shares of the company’s stock valued at $3,298,000 after buying an additional 31,899 shares during the last quarter. Ameriprise Financial Inc. increased its stake in VanEck Emerging Markets High Yield Bond ETF by 18.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 159,555 shares of the company’s stock valued at $3,158,000 after buying an additional 24,416 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in VanEck Emerging Markets High Yield Bond ETF by 11.4% in the 2nd quarter. Bank of America Corp DE now owns 1,102,616 shares of the company’s stock valued at $21,854,000 after buying an additional 113,040 shares during the last quarter.

About VanEck Emerging Markets High Yield Bond ETF

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.