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

VanEck High Yield Muni ETF (BATS:HYD) saw a large 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 trading volume of 1,015,843 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the shares of the company are short sold.

VanEck High Yield Muni ETF Price Performance

BATS HYD opened at $50.46 on Monday. VanEck High Yield Muni ETF has a 52 week low of $49.08 and a 52 week high of $51.68. The firm’s 50-day simple moving average is $50.99 and its two-hundred day simple moving average is $50.95.

Institutional Trading of VanEck High Yield Muni ETF

Several hedge funds and other institutional investors have recently modified their holdings of HYD. Boyd Watterson Asset Management LLC OH bought a new position in VanEck High Yield Muni ETF in the 4th quarter worth approximately $25,000. US Bancorp DE raised its holdings in VanEck High Yield Muni ETF by 101.1% during the 3rd quarter. US Bancorp DE now owns 539 shares of the company’s stock valued at $27,000 after acquiring an additional 271 shares during the period. Turning Point Benefit Group Inc. purchased a new stake in shares of VanEck High Yield Muni ETF during the third quarter worth $30,000. Basecamp Wealth Advisors LLC purchased a new stake in shares of VanEck High Yield Muni ETF during the first quarter worth $37,000. Finally, JDM Financial Group LLC purchased a new stake in shares of VanEck High Yield Muni ETF during the fourth quarter worth $38,000.

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.