VanEck High Yield Muni ETF (BATS:HYD) Short Interest Up 112.9% in August

VanEck High Yield Muni ETF (BATS:HYD) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 508,651 shares, a growth of 112.9% from the August 15th total of 238,944 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 949,836 shares, the short-interest ratio is currently 0.5 days.

VanEck High Yield Muni ETF Trading Down 0.0%

BATS:HYD opened at $49.03 on Monday. VanEck High Yield Muni ETF has a 1 year low of $48.80 and a 1 year high of $51.68. The stock has a fifty day moving average price of $50.35 and a two-hundred day moving average price of $50.76.

Institutional Trading of VanEck High Yield Muni ETF

Institutional investors have recently added to or reduced their stakes in the stock. Talon Private Wealth LLC acquired a new stake in shares of VanEck High Yield Muni ETF during the 2nd quarter valued at approximately $1,081,000. IFP Advisors Inc increased its stake in VanEck High Yield Muni ETF by 45.0% in the 2nd quarter. IFP Advisors Inc now owns 8,379 shares of the company’s stock valued at $432,000 after purchasing an additional 2,602 shares in the last quarter. Baird Financial Group Inc. raised its holdings in VanEck High Yield Muni ETF by 5.7% during the second quarter. Baird Financial Group Inc. now owns 13,227 shares of the company’s stock worth $681,000 after purchasing an additional 719 shares during the last quarter. Hudock Inc. acquired a new position in VanEck High Yield Muni ETF during the second quarter worth $206,000. Finally, Waverly Advisors LLC boosted its position in VanEck High Yield Muni ETF by 2.3% during the second quarter. Waverly Advisors LLC now owns 13,047 shares of the company’s stock worth $672,000 after purchasing an additional 294 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.