VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 345,606 shares, an increase of 91.1% from the July 15th total of 180,849 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 98,686 shares, the days-to-cover ratio is currently 3.5 days.
Hedge Funds Weigh In On VanEck Emerging Markets High Yield Bond ETF
A number of hedge funds have recently modified their holdings of HYEM. Jones Financial Companies Lllp bought a new position in shares of VanEck Emerging Markets High Yield Bond ETF during the 1st quarter worth approximately $25,000. Camelot Portfolios LLC bought a new position in shares of VanEck Emerging Markets High Yield Bond ETF during the fourth quarter valued at $27,000. Advisory Services Network LLC acquired a new stake in shares of VanEck Emerging Markets High Yield Bond ETF in the 3rd quarter valued at $45,000. Harbour Investments Inc. boosted its stake in shares of VanEck Emerging Markets High Yield Bond ETF by 11.5% in the 4th quarter. Harbour Investments Inc. now owns 4,936 shares of the company’s stock valued at $98,000 after purchasing an additional 510 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of VanEck Emerging Markets High Yield Bond ETF in the 4th quarter worth about $130,000.
VanEck Emerging Markets High Yield Bond ETF Price Performance
NYSEARCA:HYEM opened at $20.04 on Tuesday. VanEck Emerging Markets High Yield Bond ETF has a 12-month low of $19.45 and a 12-month high of $20.36. The firm has a 50-day moving average price of $20.06 and a 200 day moving average price of $20.04.
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.
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