VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Stock Price Down 0.2% – Here’s Why

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) dropped 0.2% during mid-day trading on Tuesday . The company traded as low as $19.93 and last traded at $19.94. Approximately 76,570 shares traded hands during trading, a decline of 62% from the average daily volume of 200,650 shares. The stock had previously closed at $19.97.

VanEck Emerging Markets High Yield Bond ETF Stock Down 0.2%

The company’s 50 day moving average price is $20.02 and its 200 day moving average price is $20.03.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HYEM. Jones Financial Companies Lllp acquired a new stake in shares of VanEck Emerging Markets High Yield Bond ETF during the first quarter worth approximately $25,000. Advisory Services Network LLC bought a new stake in VanEck Emerging Markets High Yield Bond ETF during the 3rd quarter worth approximately $45,000. Harbour Investments Inc. grew its position in VanEck Emerging Markets High Yield Bond ETF by 11.5% during the 4th quarter. Harbour Investments Inc. now owns 4,936 shares of the company’s stock worth $98,000 after acquiring an additional 510 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in VanEck Emerging Markets High Yield Bond ETF during the 4th quarter worth approximately $130,000. Finally, Purpose Unlimited Inc. acquired a new stake in VanEck Emerging Markets High Yield Bond ETF during the 4th quarter valued at $155,000.

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.