Short Interest in VanEck High Yield Muni ETF (BATS:HYD) Rises By 69.5%

VanEck High Yield Muni ETF (BATS:HYD) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 770,993 shares, a growth of 69.5% from the May 31st total of 454,946 shares. Based on an average daily volume of 736,621 shares, the short-interest ratio is currently 1.0 days. Approximately 1.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in VanEck High Yield Muni ETF by 18.5% during the 1st quarter. Bank of America Corp DE now owns 20,710,046 shares of the company’s stock valued at $1,038,402,000 after purchasing an additional 3,239,944 shares in the last quarter. Sei Investments Co. increased its position in shares of VanEck High Yield Muni ETF by 8.2% during the first quarter. Sei Investments Co. now owns 3,507,629 shares of the company’s stock valued at $175,868,000 after acquiring an additional 264,550 shares in the last quarter. American Family Investments Inc. purchased a new position in VanEck High Yield Muni ETF in the 4th quarter worth approximately $148,607,000. HighTower Advisors LLC raised its holdings in VanEck High Yield Muni ETF by 663.5% in the 4th quarter. HighTower Advisors LLC now owns 2,499,427 shares of the company’s stock worth $127,771,000 after acquiring an additional 2,172,057 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in VanEck High Yield Muni ETF by 4.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,040,068 shares of the company’s stock valued at $104,288,000 after acquiring an additional 79,434 shares in the last quarter.

VanEck High Yield Muni ETF Trading Down 0.0%

HYD stock opened at $51.49 on Thursday. The firm has a 50 day moving average price of $51.17 and a 200-day moving average price of $51.05. VanEck High Yield Muni ETF has a 52-week low of $48.85 and a 52-week high of $51.68.

About VanEck High Yield Muni ETF

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.