VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Sees Large Volume Increase – Here’s What Happened

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) shares saw strong trading volume on Friday . Approximately 822,178 shares traded hands during mid-day trading, an increase of 289% from the previous session’s volume of 211,436 shares.The stock last traded at $19.99 and had previously closed at $20.00.

VanEck Emerging Markets High Yield Bond ETF Stock Down 0.1%

The business has a 50 day simple moving average of $20.07 and a 200-day simple moving average of $20.05.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Ferguson Shapiro LLC acquired a new position in VanEck Emerging Markets High Yield Bond ETF in the 2nd quarter valued at $1,658,000. Focus Financial Network Inc. boosted its stake in VanEck Emerging Markets High Yield Bond ETF by 7.6% in the 2nd quarter. Focus Financial Network Inc. now owns 43,247 shares of the company’s stock worth $870,000 after purchasing an additional 3,045 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in VanEck Emerging Markets High Yield Bond ETF by 7.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 279,294 shares of the company’s stock worth $5,617,000 after buying an additional 19,892 shares in the last quarter. Sonoma Allocations LLC lifted its holdings in shares of VanEck Emerging Markets High Yield Bond ETF by 124.6% during the 2nd quarter. Sonoma Allocations LLC now owns 124,658 shares of the company’s stock valued at $2,492,000 after buying an additional 69,162 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of VanEck Emerging Markets High Yield Bond ETF by 167.4% in the first quarter. Bank of America Corp DE now owns 4,431,238 shares of the company’s stock valued at $87,428,000 after acquiring an additional 2,774,036 shares during the period.

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.