VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Sets New 52-Week High – Here’s What Happened

Shares of VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $20.36 and last traded at $20.18, with a volume of 6050 shares. The stock had previously closed at $20.23.

VanEck Emerging Markets High Yield Bond ETF Trading Up 0.1%

The firm has a fifty day simple moving average of $20.07 and a 200-day simple moving average of $20.02.

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

Several hedge funds have recently made changes to their positions in the company. Harbour Investments Inc. grew its holdings in shares of VanEck Emerging Markets High Yield Bond ETF by 11.5% during the fourth quarter. Harbour Investments Inc. now owns 4,936 shares of the company’s stock worth $98,000 after purchasing an additional 510 shares during the last quarter. Cetera Investment Advisers lifted its position in VanEck Emerging Markets High Yield Bond ETF by 0.5% in the fourth quarter. Cetera Investment Advisers now owns 109,786 shares of the company’s stock valued at $2,184,000 after purchasing an additional 530 shares during the period. Coastal Bridge Advisors LLC lifted its position in VanEck Emerging Markets High Yield Bond ETF by 4.3% in the fourth quarter. Coastal Bridge Advisors LLC now owns 14,239 shares of the company’s stock valued at $283,000 after purchasing an additional 585 shares during the period. Tidal Investments LLC lifted its position in VanEck Emerging Markets High Yield Bond ETF by 2.2% in the second quarter. Tidal Investments LLC now owns 42,744 shares of the company’s stock valued at $842,000 after purchasing an additional 938 shares during the period. Finally, Jones Financial Companies Lllp acquired a new stake in VanEck Emerging Markets High Yield Bond ETF in the first quarter valued at about $25,000.

VanEck Emerging Markets High Yield Bond ETF Company Profile

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.