VanEck High Yield Muni ETF (BATS:HYD – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 354,801 shares, a drop of 78.7% from the October 15th total of 1,666,535 shares. Based on an average daily volume of 1,768,874 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.5% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings 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 valued at $1,038,402,000 after buying an additional 3,239,944 shares during the period. Commonwealth Equity Services LLC bought a new position in VanEck High Yield Muni ETF in the third quarter worth about $40,013,000. HighTower Advisors LLC bought a new position in VanEck High Yield Muni ETF in the third quarter worth about $35,633,000. Ocean Park Asset Management LLC acquired a new position in VanEck High Yield Muni ETF in the second quarter valued at approximately $34,290,000. Finally, Avantax Planning Partners Inc. acquired a new position in VanEck High Yield Muni ETF in the third quarter valued at approximately $30,365,000.
VanEck High Yield Muni ETF Stock Up 0.5%
VanEck High Yield Muni ETF stock opened at $49.65 on Thursday. The company has a fifty day moving average price of $48.82 and a two-hundred day moving average price of $50.37. VanEck High Yield Muni ETF has a 12 month low of $47.49 and a 12 month high of $51.68.
About VanEck High Yield Muni ETF
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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