VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Sees Unusually-High Trading Volume – What’s Next?

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) saw strong trading volume on Wednesday . Approximately 512,625 shares changed hands during mid-day trading, an increase of 160% from the previous session’s volume of 197,005 shares.The stock last traded at $19.7650 and had previously closed at $19.79.

VanEck Emerging Markets High Yield Bond ETF Stock Performance

The stock has a 50 day simple moving average of $20.00 and a two-hundred day simple moving average of $20.01.

Hedge Funds Weigh In On VanEck Emerging Markets High Yield Bond ETF

Several large investors have recently made changes to their positions in the stock. Ferguson Shapiro LLC purchased a new position in shares of VanEck Emerging Markets High Yield Bond ETF during the second quarter worth about $1,658,000. Focus Financial Network Inc. boosted its position in shares of VanEck Emerging Markets High Yield Bond ETF by 7.6% in 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 period. Hennion & Walsh Asset Management Inc. grew 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 worth $5,617,000 after buying an additional 19,892 shares during the last quarter. Sonoma Allocations LLC increased its position in VanEck Emerging Markets High Yield Bond ETF by 124.6% during the second quarter. Sonoma Allocations LLC now owns 124,658 shares of the company’s stock worth $2,492,000 after buying an additional 69,162 shares during the period. Finally, Bank of America Corp DE lifted its stake in VanEck Emerging Markets High Yield Bond ETF by 167.4% in the first quarter. Bank of America Corp DE now owns 4,431,238 shares of the company’s stock valued at $87,428,000 after buying an additional 2,774,036 shares during the last quarter.

About VanEck Emerging Markets High Yield Bond ETF

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.