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

VanEck High Yield Muni ETF (BATS:HYD) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 432,269 shares, a decline of 43.9% from the June 15th total of 770,993 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 761,994 shares, the days-to-cover ratio is currently 0.6 days.

VanEck High Yield Muni ETF Trading Down 0.2%

HYD opened at $51.06 on Friday. The business’s 50-day simple moving average is $51.21 and its 200 day simple moving average is $51.07. VanEck High Yield Muni ETF has a 52-week low of $48.85 and a 52-week high of $51.68.

Hedge Funds Weigh In On VanEck High Yield Muni ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Boyd Watterson Asset Management LLC OH bought a new stake in VanEck High Yield Muni ETF during the fourth quarter worth $25,000. US Bancorp DE raised its holdings in shares of VanEck High Yield Muni ETF by 101.1% in the 3rd quarter. US Bancorp DE now owns 539 shares of the company’s stock valued at $27,000 after purchasing an additional 271 shares during the period. Turning Point Benefit Group Inc. acquired a new stake in VanEck High Yield Muni ETF in the 3rd quarter valued at about $30,000. Basecamp Wealth Advisors LLC acquired a new stake in VanEck High Yield Muni ETF in the 1st quarter valued at about $37,000. Finally, JDM Financial Group LLC bought a new position in VanEck High Yield Muni ETF during the fourth quarter worth about $38,000.

VanEck High Yield Muni ETF Company Profile

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.