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

VanEck High Yield Muni ETF (BATS:HYDGet Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 508,651 shares, an increase of 112.9% from the August 15th total of 238,944 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 949,836 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE increased its position in VanEck High Yield Muni ETF by 101.1% during the third quarter. US Bancorp DE now owns 539 shares of the company’s stock worth $27,000 after purchasing an additional 271 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of VanEck High Yield Muni ETF during the 3rd quarter worth $30,000. Basecamp Wealth Advisors LLC purchased a new position in shares of VanEck High Yield Muni ETF in the 1st quarter valued at about $37,000. Blue Trust Inc. raised its holdings in VanEck High Yield Muni ETF by 159.0% during the first quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock worth $52,000 after purchasing an additional 639 shares in the last quarter. Finally, Tucker Asset Management LLC acquired a new position in VanEck High Yield Muni ETF in the fourth quarter valued at $55,000.

VanEck High Yield Muni ETF Stock Down 0.0%

BATS HYD opened at $49.03 on Monday. The company has a fifty day simple moving average of $50.35 and a two-hundred day simple moving average of $50.76. VanEck High Yield Muni ETF has a 12-month low of $48.80 and a 12-month high of $51.68.

VanEck High Yield Muni ETF Company Profile

(Get Free Report)

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.

Further Reading

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