VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Short Interest Up 133.8% in January

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 532,259 shares, a growth of 133.8% from the January 15th total of 227,704 shares. Based on an average trading volume of 175,545 shares, the days-to-cover ratio is currently 3.0 days. Approximately 2.4% of the company’s stock are sold short. Approximately 2.4% of the company’s stock are sold short. Based on an average trading volume of 175,545 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Investors Weigh In On VanEck Emerging Markets High Yield Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in HYEM. Bank of America Corp DE increased its stake in VanEck Emerging Markets High Yield Bond ETF by 29.4% in the third quarter. Bank of America Corp DE now owns 1,426,955 shares of the company’s stock valued at $28,610,000 after purchasing an additional 324,339 shares during the last quarter. Systelligence LLC purchased a new position in shares of VanEck Emerging Markets High Yield Bond ETF during the second quarter worth about $4,631,000. Goldman Sachs Group Inc. acquired a new stake in shares of VanEck Emerging Markets High Yield Bond ETF during the fourth quarter worth about $2,558,000. Jane Street Group LLC acquired a new stake in shares of VanEck Emerging Markets High Yield Bond ETF in the 4th quarter valued at about $1,882,000. Finally, Sound Income Strategies LLC grew its stake in VanEck Emerging Markets High Yield Bond ETF by 3.3% during the 4th quarter. Sound Income Strategies LLC now owns 2,100,916 shares of the company’s stock worth $42,186,000 after buying an additional 66,206 shares during the last quarter.

VanEck Emerging Markets High Yield Bond ETF Trading Down 0.0%

Shares of NYSEARCA:HYEM traded down $0.01 during trading hours on Thursday, reaching $20.15. The stock had a trading volume of 125,557 shares, compared to its average volume of 173,843. The firm’s 50 day moving average is $20.02 and its 200-day moving average is $20.00. VanEck Emerging Markets High Yield Bond ETF has a 1 year low of $18.43 and a 1 year high of $20.25.

VanEck Emerging Markets High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1152 per share. This is a positive change from VanEck Emerging Markets High Yield Bond ETF’s previous monthly dividend of $0.11. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 6.9%.

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.