Short Interest in VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Grows By 91.1%

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 345,606 shares, an increase of 91.1% from the July 15th total of 180,849 shares. Based on an average trading volume of 98,686 shares, the days-to-cover ratio is currently 3.5 days. Approximately 1.3% of the shares of the stock are short sold.

VanEck Emerging Markets High Yield Bond ETF Stock Up 0.1%

Shares of NYSEARCA HYEM traded up $0.02 during midday trading on Friday, reaching $20.07. The stock had a trading volume of 86,442 shares, compared to its average volume of 212,545. The company’s 50 day moving average price is $20.06 and its 200 day moving average price is $20.04. VanEck Emerging Markets High Yield Bond ETF has a twelve month low of $19.45 and a twelve month high of $20.36.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ferguson Shapiro LLC acquired a new stake in shares of VanEck Emerging Markets High Yield Bond ETF in the 2nd quarter worth about $1,658,000. Focus Financial Network Inc. boosted its stake in VanEck Emerging Markets High Yield Bond ETF by 7.6% during the 2nd quarter. Focus Financial Network Inc. now owns 43,247 shares of the company’s stock valued at $870,000 after purchasing an additional 3,045 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in VanEck Emerging Markets High Yield Bond ETF by 7.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 279,294 shares of the company’s stock valued at $5,617,000 after purchasing an additional 19,892 shares during the last quarter. Sonoma Allocations LLC increased its holdings in VanEck Emerging Markets High Yield Bond ETF by 124.6% during the 2nd quarter. Sonoma Allocations LLC now owns 124,658 shares of the company’s stock worth $2,492,000 after purchasing an additional 69,162 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in VanEck Emerging Markets High Yield Bond ETF by 167.4% during the 1st quarter. Bank of America Corp DE now owns 4,431,238 shares of the company’s stock worth $87,428,000 after purchasing an additional 2,774,036 shares in the last quarter.

VanEck Emerging Markets High Yield Bond ETF Company Profile

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.