Short Interest in VanEck High Yield Muni ETF (BATS:HYD) Decreases By 67.8%

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

VanEck High Yield Muni ETF Price Performance

VanEck High Yield Muni ETF stock opened at $51.38 on Monday. The firm has a 50 day simple moving average of $50.79 and a 200-day simple moving average of $50.99. VanEck High Yield Muni ETF has a 1-year low of $48.85 and a 1-year high of $51.66.

Institutional Trading of VanEck High Yield Muni ETF

Hedge funds have recently made changes to their positions in the company. Boyd Watterson Asset Management LLC OH purchased a new stake in shares of VanEck High Yield Muni ETF in the 4th quarter valued at approximately $25,000. US Bancorp DE lifted its holdings in shares of VanEck High Yield Muni ETF by 101.1% in the 3rd quarter. US Bancorp DE now owns 539 shares of the company’s stock worth $27,000 after acquiring an additional 271 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new position in shares of VanEck High Yield Muni ETF in the 3rd quarter worth approximately $30,000. JDM Financial Group LLC acquired a new position in shares of VanEck High Yield Muni ETF in the 4th quarter worth approximately $38,000. Finally, Centennial Bank AR acquired a new position in shares of VanEck High Yield Muni ETF in the 3rd quarter worth approximately $46,000.

About VanEck High Yield Muni ETF

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.