VanEck High Yield Muni ETF (BATS:HYD) Sees Significant Drop in Short Interest

VanEck High Yield Muni ETF (BATS:HYD) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 410,927 shares, a drop of 67.8% from the April 30th total of 1,276,250 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 610,218 shares, the days-to-cover ratio is presently 0.7 days.

VanEck High Yield Muni ETF Price Performance

HYD traded up $0.10 during trading on Friday, hitting $51.38. The stock had a trading volume of 860,277 shares, compared to its average volume of 836,702. VanEck High Yield Muni ETF has a twelve month low of $48.85 and a twelve month high of $51.66. The stock has a 50 day simple moving average of $50.79 and a two-hundred day simple moving average of $50.98.

Institutional Investors Weigh In On VanEck High Yield Muni ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC acquired a new stake in shares of VanEck High Yield Muni ETF during the first quarter worth $102,000. Bank of America Corp DE lifted its stake in shares of VanEck High Yield Muni ETF by 18.5% during the first quarter. Bank of America Corp DE now owns 20,710,046 shares of the company’s stock worth $1,038,402,000 after buying an additional 3,239,944 shares during the period. Centaurus Financial Inc. acquired a new stake in shares of VanEck High Yield Muni ETF during the first quarter worth $1,563,000. Strategic Investment Advisors MI lifted its stake in shares of VanEck High Yield Muni ETF by 30.8% during the first quarter. Strategic Investment Advisors MI now owns 9,961 shares of the company’s stock worth $498,000 after buying an additional 2,345 shares during the period. Finally, Arkadios Wealth Advisors lifted its stake in shares of VanEck High Yield Muni ETF by 9.6% during the first quarter. Arkadios Wealth Advisors now owns 11,538 shares of the company’s stock worth $579,000 after buying an additional 1,007 shares during the period.

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.