VanEck High Yield Muni ETF (BATS:HYD) Sees Significant Drop in Short Interest

VanEck High Yield Muni ETF (BATS:HYD) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 410,927 shares, a decline of 67.8% from the April 30th total of 1,276,250 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 610,218 shares, the short-interest ratio is currently 0.7 days.

VanEck High Yield Muni ETF Trading Up 0.2%

BATS HYD traded up $0.10 on Friday, reaching $51.38. 860,277 shares of the company’s stock traded hands, compared to its average volume of 836,702. The stock has a 50 day moving average price of $50.79 and a 200-day moving average price of $50.98. VanEck High Yield Muni ETF has a fifty-two week low of $48.85 and a fifty-two week high of $51.66.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new position in VanEck High Yield Muni ETF during the first quarter valued at $102,000. Bank of America Corp DE lifted its position in VanEck High Yield Muni ETF by 18.5% during 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. Centaurus Financial Inc. acquired a new position in VanEck High Yield Muni ETF during the first quarter valued at $1,563,000. Strategic Investment Advisors MI increased its holdings in VanEck High Yield Muni ETF by 30.8% in the first quarter. Strategic Investment Advisors MI now owns 9,961 shares of the company’s stock valued at $498,000 after buying an additional 2,345 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in VanEck High Yield Muni ETF by 9.6% in the first quarter. Arkadios Wealth Advisors now owns 11,538 shares of the company’s stock valued at $579,000 after buying an additional 1,007 shares in the last quarter.

VanEck High Yield Muni ETF Company Profile

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.