VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Trading Down 0.3% – Time to Sell?

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM)’s share price was down 0.3% during mid-day trading on Thursday . The stock traded as low as $19.97 and last traded at $19.99. Approximately 125,703 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 197,986 shares. The stock had previously closed at $20.06.

VanEck Emerging Markets High Yield Bond ETF Stock Down 0.3%

The firm’s fifty day moving average is $19.94 and its 200-day moving average is $19.99.

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

Several hedge funds have recently added to or reduced their stakes in HYEM. Jones Financial Companies Lllp bought a new position in shares of VanEck Emerging Markets High Yield Bond ETF in the first quarter worth $25,000. Camelot Portfolios LLC bought a new stake in VanEck Emerging Markets High Yield Bond ETF in the fourth quarter worth approximately $27,000. Advisory Services Network LLC bought a new stake in VanEck Emerging Markets High Yield Bond ETF in the third quarter worth approximately $45,000. MRP Capital Investments LLC bought a new stake in shares of VanEck Emerging Markets High Yield Bond ETF during the third quarter valued at approximately $56,000. Finally, Harbour Investments Inc. boosted its position in shares of VanEck Emerging Markets High Yield Bond ETF by 11.5% during the fourth quarter. Harbour Investments Inc. now owns 4,936 shares of the company’s stock valued at $98,000 after buying an additional 510 shares during the last quarter.

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.