VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Sees Strong Trading Volume – Should You Buy?

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) shares saw an uptick in trading volume on Friday . 822,178 shares changed hands during mid-day trading, an increase of 289% from the previous session’s volume of 211,436 shares.The stock last traded at $19.99 and had previously closed at $20.00.

VanEck Emerging Markets High Yield Bond ETF Stock Performance

The stock has a 50 day moving average price of $20.07 and a two-hundred day moving average price of $20.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in shares of VanEck Emerging Markets High Yield Bond ETF during the first quarter worth $25,000. Camelot Portfolios LLC bought a new stake in shares of VanEck Emerging Markets High Yield Bond ETF in the fourth quarter valued at about $27,000. Advisory Services Network LLC bought a new stake in shares of VanEck Emerging Markets High Yield Bond ETF in the third quarter valued at about $45,000. Harbour Investments Inc. grew its stake in shares of VanEck Emerging Markets High Yield Bond ETF by 11.5% in the fourth quarter. Harbour Investments Inc. now owns 4,936 shares of the company’s stock valued at $98,000 after acquiring an additional 510 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in VanEck Emerging Markets High Yield Bond ETF during the fourth quarter worth about $130,000.

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.