VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Short Interest Up 101.0% in May

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 384,832 shares, a growth of 101.0% from the April 30th total of 191,491 shares. Based on an average daily volume of 96,012 shares, the short-interest ratio is currently 4.0 days. Approximately 1.5% of the shares of the company are sold short.

Hedge Funds Weigh In On VanEck Emerging Markets High Yield Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Harbour Investments Inc. lifted its holdings in shares of VanEck Emerging Markets High Yield Bond ETF by 11.5% in the fourth 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. Cetera Investment Advisers increased its stake in shares of VanEck Emerging Markets High Yield Bond ETF by 0.5% during the 4th quarter. Cetera Investment Advisers now owns 109,786 shares of the company’s stock worth $2,184,000 after purchasing an additional 530 shares in the last quarter. Coastal Bridge Advisors LLC raised its position in shares of VanEck Emerging Markets High Yield Bond ETF by 4.3% during the 4th quarter. Coastal Bridge Advisors LLC now owns 14,239 shares of the company’s stock worth $283,000 after purchasing an additional 585 shares during the last quarter. Tidal Investments LLC raised its position in shares of VanEck Emerging Markets High Yield Bond ETF by 2.2% during the 2nd quarter. Tidal Investments LLC now owns 42,744 shares of the company’s stock worth $842,000 after purchasing an additional 938 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new stake in VanEck Emerging Markets High Yield Bond ETF in the 1st quarter valued at approximately $25,000.

VanEck Emerging Markets High Yield Bond ETF Stock Down 0.4%

Shares of HYEM traded down $0.08 during mid-day trading on Monday, hitting $20.11. The company’s stock had a trading volume of 111,133 shares, compared to its average volume of 190,536. VanEck Emerging Markets High Yield Bond ETF has a 1-year low of $19.40 and a 1-year high of $20.34. The firm has a 50-day simple moving average of $19.96 and a 200 day simple moving average of $20.00.

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.