VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Stock Short Interest Falls 40.3%

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 151,384 shares, a decrease of 40.3% from the September 15th total of 253,405 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 173,726 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new position in VanEck Emerging Markets High Yield Bond ETF in the third quarter worth about $48,000. Purpose Unlimited Inc. bought a new stake in VanEck Emerging Markets High Yield Bond ETF in the fourth quarter valued at about $155,000. DGS Capital Management LLC bought a new stake in VanEck Emerging Markets High Yield Bond ETF in the first quarter valued at about $212,000. Rareview Capital LLC raised its stake in VanEck Emerging Markets High Yield Bond ETF by 9.6% during the first quarter. Rareview Capital LLC now owns 20,490 shares of the company’s stock valued at $406,000 after buying an additional 1,794 shares in the last quarter. Finally, SouthState Bank Corp acquired a new stake in VanEck Emerging Markets High Yield Bond ETF during the first quarter valued at approximately $416,000.

VanEck Emerging Markets High Yield Bond ETF Stock Performance

Shares of NYSEARCA HYEM opened at $19.40 on Thursday. VanEck Emerging Markets High Yield Bond ETF has a fifty-two week low of $19.20 and a fifty-two week high of $20.36. The business has a 50 day moving average price of $19.79 and a two-hundred day moving average price of $19.95.

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.