VanEck High Yield Muni ETF (BATS:HYD – Get Free Report) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 241,055 shares, a decline of 46.7% from the July 15th total of 452,350 shares. Based on an average daily volume of 1,015,843 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the company’s stock are short sold.
Hedge Funds Weigh In On VanEck High Yield Muni ETF
A number of hedge funds have recently modified their holdings of HYD. Revolve Wealth Partners LLC boosted its position in VanEck High Yield Muni ETF by 6.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 191,107 shares of the company’s stock valued at $9,920,000 after purchasing an additional 10,798 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of VanEck High Yield Muni ETF by 67.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 11,227 shares of the company’s stock valued at $564,000 after buying an additional 4,514 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of VanEck High Yield Muni ETF by 33.1% in the 2nd quarter. NewEdge Advisors LLC now owns 20,738 shares of the company’s stock valued at $1,041,000 after buying an additional 5,159 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in shares of VanEck High Yield Muni ETF in the 2nd quarter valued at approximately $225,000. Finally, Ameriprise Financial Inc. increased its holdings in VanEck High Yield Muni ETF by 38.5% in the second quarter. Ameriprise Financial Inc. now owns 568,929 shares of the company’s stock worth $28,547,000 after buying an additional 158,024 shares during the last quarter.
VanEck High Yield Muni ETF Trading Down 0.4%
VanEck High Yield Muni ETF stock opened at $50.46 on Friday. VanEck High Yield Muni ETF has a twelve month low of $49.08 and a twelve month high of $51.68. The firm’s 50 day moving average price is $50.99 and its two-hundred day moving average price is $50.95.
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.
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