Short Interest in VanEck High Yield Muni ETF (BATS:HYD) Drops By 46.7%

VanEck High Yield Muni ETF (BATS:HYD) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 241,055 shares, a drop of 46.7% from the July 15th total of 452,350 shares. Based on an average daily volume of 1,015,843 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HYD. Insight Wealth Strategies LLC raised its holdings in VanEck High Yield Muni ETF by 6.1% in the 2nd quarter. Insight Wealth Strategies LLC now owns 91,745 shares of the company’s stock worth $4,724,000 after acquiring an additional 5,291 shares during the period. Ramsey Quantitative Systems bought a new stake in VanEck High Yield Muni ETF during the second quarter valued at about $1,082,000. Ocean Park Asset Management LLC bought a new stake in VanEck High Yield Muni ETF during the second quarter valued at about $34,290,000. Wealthcare Advisory Partners LLC grew its position in shares of VanEck High Yield Muni ETF by 4.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 72,804 shares of the company’s stock valued at $3,750,000 after purchasing an additional 3,364 shares during the last quarter. Finally, Revolve Wealth Partners LLC grew its position in shares of VanEck High Yield Muni ETF by 1.5% in the second quarter. Revolve Wealth Partners LLC now owns 299,809 shares of the company’s stock valued at $15,443,000 after purchasing an additional 4,509 shares during the last quarter.

VanEck High Yield Muni ETF Price Performance

BATS:HYD opened at $50.46 on Friday. VanEck High Yield Muni ETF has a 12 month low of $49.08 and a 12 month high of $51.68. The company’s 50 day moving average is $50.99 and its 200-day moving average is $50.95.

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.