VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) saw unusually-high trading volume on Thursday . Approximately 758,327 shares changed hands during mid-day trading, an increase of 251% from the previous session’s volume of 215,871 shares.The stock last traded at $20.12 and had previously closed at $20.06.

VanEck Emerging Markets High Yield Bond ETF Stock Performance

The firm has a 50-day moving average of $19.96 and a 200-day moving average of $19.98.

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

A number of hedge funds and other institutional investors have recently modified their holdings of HYEM. Jones Financial Companies Lllp bought a new stake in VanEck Emerging Markets High Yield Bond ETF in the 1st quarter valued at $25,000. Camelot Portfolios LLC bought a new stake in shares of VanEck Emerging Markets High Yield Bond ETF in the fourth quarter worth about $27,000. Advisory Services Network LLC purchased a new stake in shares of VanEck Emerging Markets High Yield Bond ETF in the third quarter worth about $45,000. MRP Capital Investments LLC purchased a new stake in shares of VanEck Emerging Markets High Yield Bond ETF in the third quarter worth about $56,000. Finally, Farther Finance Advisors LLC increased its position in VanEck Emerging Markets High Yield Bond ETF by 5,039.8% in the third quarter. Farther Finance Advisors LLC now owns 4,266 shares of the company’s stock worth $86,000 after purchasing an additional 4,183 shares during the last quarter.

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.