VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Sees Large Decrease in Short Interest

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 249,564 shares, a decline of 28.5% from the November 30th total of 349,056 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily volume of 98,342 shares, the short-interest ratio is presently 2.5 days. Based on an average daily volume of 98,342 shares, the short-interest ratio is presently 2.5 days. Approximately 1.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in VanEck Emerging Markets High Yield Bond ETF by 14.4% in the 1st quarter. Royal Bank of Canada now owns 175,757 shares of the company’s stock worth $3,454,000 after buying an additional 22,168 shares during the period. Jones Financial Companies Lllp purchased a new stake in VanEck Emerging Markets High Yield Bond ETF in the 1st quarter valued at about $25,000. Empowered Funds LLC bought a new position in shares of VanEck Emerging Markets High Yield Bond ETF during the 1st quarter worth $4,638,000. Jane Street Group LLC increased its holdings in VanEck Emerging Markets High Yield Bond ETF by 23.5% during the first quarter. Jane Street Group LLC now owns 167,832 shares of the company’s stock valued at $3,298,000 after buying an additional 31,899 shares during the period. Finally, Integrity Alliance LLC. bought a new position in VanEck Emerging Markets High Yield Bond ETF in the first quarter worth about $995,000.

VanEck Emerging Markets High Yield Bond ETF Stock Performance

HYEM stock traded down $0.12 during midday trading on Tuesday, hitting $19.90. The company’s stock had a trading volume of 86,049 shares, compared to its average volume of 165,422. VanEck Emerging Markets High Yield Bond ETF has a 12 month low of $18.43 and a 12 month high of $20.20. The firm’s 50-day moving average is $19.95 and its 200-day moving average is $19.93.

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.