VanEck Vectors High Yield Municipal Index ETF (NYSEARCA:HYD) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 987,294 shares, an increase of 84.4% from the November 30th total of 535,287 shares. Based on an average daily trading volume, of 665,500 shares, the days-to-cover ratio is currently 1.5 days.

VanEck Vectors High Yield Municipal Index ETF (NYSEARCA:HYD) opened at $31.41 on Thursday. VanEck Vectors High Yield Municipal Index ETF has a 52-week low of $29.57 and a 52-week high of $31.47.

The firm also recently announced a monthly dividend, which was paid on Wednesday, January 3rd. Investors of record on Thursday, December 28th were given a dividend of $0.1146 per share. This represents a $1.38 annualized dividend and a yield of 4.38%. This is a boost from VanEck Vectors High Yield Municipal Index ETF’s previous monthly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, December 27th.

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