VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Hits New 12-Month Low – Time to Sell?

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM – Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $19.45 and last traded at $19.4560, with a volume of 97588 shares traded. The stock had previously closed at $19.56.

VanEck Emerging Markets High Yield Bond ETF Stock Performance

The stock’s 50 day simple moving average is $19.94 and its 200 day simple moving average is $19.99.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Harbour Investments Inc. boosted its stake in VanEck Emerging Markets High Yield Bond ETF by 11.5% during the 4th quarter. Harbour Investments Inc. now owns 4,936 shares of the company’s stock valued at $98,000 after purchasing an additional 510 shares during the last quarter. Purpose Unlimited Inc. bought a new position in shares of VanEck Emerging Markets High Yield Bond ETF in the fourth quarter valued at approximately $155,000. DGS Capital Management LLC bought a new position in shares of VanEck Emerging Markets High Yield Bond ETF in the first quarter valued at approximately $212,000. Rareview Capital LLC lifted its holdings in shares of VanEck Emerging Markets High Yield Bond ETF by 9.6% in the first quarter. Rareview Capital LLC now owns 20,490 shares of the company’s stock valued at $406,000 after purchasing an additional 1,794 shares in the last quarter. Finally, SouthState Bank Corp purchased a new position in shares of VanEck Emerging Markets High Yield Bond ETF during the first quarter valued at approximately $416,000.

VanEck Emerging Markets High Yield Bond ETF Company Profile

(Get Free Report)

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.

Further Reading

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