VanEck High Yield Muni ETF (BATS:HYD) Shares Shorted: Short Interest Up 227.7% in September

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 daily volume of 2,169,893 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On VanEck High Yield Muni ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its position in shares of VanEck High Yield Muni ETF by 18.5% in the 1st quarter. Bank of America Corp DE now owns 20,710,046 shares of the company’s stock worth $1,038,402,000 after purchasing an additional 3,239,944 shares during the period. Sei Investments Co. boosted its stake in shares of VanEck High Yield Muni ETF by 8.2% during the first quarter. Sei Investments Co. now owns 3,507,629 shares of the company’s stock valued at $175,868,000 after purchasing an additional 264,550 shares in the last quarter. Forum Financial Management LP boosted its stake in shares of VanEck High Yield Muni ETF by 1.7% during the first quarter. Forum Financial Management LP now owns 1,273,542 shares of the company’s stock valued at $63,855,000 after purchasing an additional 21,471 shares in the last quarter. Ocean Park Asset Management LLC bought a new position in shares of VanEck High Yield Muni ETF during the second quarter valued at approximately $34,290,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of VanEck High Yield Muni ETF by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 433,620 shares of the company’s stock valued at $22,336,000 after purchasing an additional 7,347 shares in the last quarter.

VanEck High Yield Muni ETF Stock Performance

Shares of BATS:HYD opened at $48.03 on Tuesday. VanEck High Yield Muni ETF has a 1 year low of $47.49 and a 1 year high of $51.68. The business has a 50 day simple moving average of $49.28 and a two-hundred day simple moving average of $50.39.

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.