VanEck High Yield Muni ETF (BATS:HYD) Short Interest Down 43.9% in June

VanEck High Yield Muni ETF (BATS:HYD) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 432,269 shares, a decrease of 43.9% from the June 15th total of 770,993 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 761,994 shares, the days-to-cover ratio is currently 0.6 days.

VanEck High Yield Muni ETF Price Performance

VanEck High Yield Muni ETF stock opened at $51.14 on Thursday. The company’s fifty day moving average price is $51.22 and its 200 day moving average price is $51.07. VanEck High Yield Muni ETF has a 1 year low of $48.85 and a 1 year high of $51.68.

Hedge Funds Weigh In On VanEck High Yield Muni ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in shares of VanEck High Yield Muni ETF by 18.5% in the first 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 during the period. Sei Investments Co. raised its position in shares of VanEck High Yield Muni ETF by 8.2% during the 1st quarter. Sei Investments Co. now owns 3,507,629 shares of the company’s stock worth $175,868,000 after purchasing an additional 264,550 shares during the last quarter. American Family Investments Inc. acquired a new position in shares of VanEck High Yield Muni ETF during the 4th quarter worth about $148,607,000. HighTower Advisors LLC lifted its stake 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 valued at $127,771,000 after buying an additional 2,172,057 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake 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 buying an additional 79,434 shares in the last quarter.

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.