VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Sees Unusually-High Trading Volume – Still a Buy?

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) shares saw unusually-strong trading volume on Friday . Approximately 601,565 shares changed hands during mid-day trading, an increase of 180% from the previous session’s volume of 214,660 shares.The stock last traded at $20.11 and had previously closed at $20.13.

VanEck Emerging Markets High Yield Bond ETF Price Performance

The firm has a fifty day simple moving average of $20.11 and a 200 day simple moving average of $20.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC raised its position in VanEck Emerging Markets High Yield Bond ETF by 3.3% during the fourth quarter. Sound Income Strategies LLC now owns 2,100,916 shares of the company’s stock worth $42,186,000 after acquiring an additional 66,206 shares during the period. Farther Finance Advisors LLC grew its position in shares of VanEck Emerging Markets High Yield Bond ETF by 684.1% in the fourth quarter. Farther Finance Advisors LLC now owns 33,450 shares of the company’s stock valued at $665,000 after purchasing an additional 29,184 shares during the period. Tidemark LLC grew its position in shares of VanEck Emerging Markets High Yield Bond ETF by 9.9% in the fourth quarter. Tidemark LLC now owns 166,070 shares of the company’s stock valued at $3,303,000 after purchasing an additional 14,899 shares during the period. Integrity Alliance LLC. increased its stake in shares of VanEck Emerging Markets High Yield Bond ETF by 7.1% during the fourth quarter. Integrity Alliance LLC. now owns 38,867 shares of the company’s stock worth $773,000 after purchasing an additional 2,562 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of VanEck Emerging Markets High Yield Bond ETF by 10.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 187,315 shares of the company’s stock worth $3,726,000 after purchasing an additional 17,343 shares in the last quarter.

About VanEck Emerging Markets High Yield Bond ETF

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.