Short Interest in VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Decreases By 36.7%

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 510,562 shares, a drop of 36.7% from the February 12th total of 806,358 shares. Based on an average daily volume of 118,683 shares, the short-interest ratio is presently 4.3 days. Approximately 2.3% of the company’s shares are sold short. Approximately 2.3% of the company’s shares are sold short. Based on an average daily volume of 118,683 shares, the short-interest ratio is presently 4.3 days.

Hedge Funds Weigh In On VanEck Emerging Markets High Yield Bond ETF

A number of institutional investors have recently added to or reduced their stakes in HYEM. Jones Financial Companies Lllp purchased a new position in VanEck Emerging Markets High Yield Bond ETF during the first quarter valued at $25,000. Camelot Portfolios LLC purchased a new stake in shares of VanEck Emerging Markets High Yield Bond ETF in the 4th quarter worth about $27,000. Advisory Services Network LLC bought a new position in shares of VanEck Emerging Markets High Yield Bond ETF in the 3rd quarter worth about $45,000. MRP Capital Investments LLC bought a new position in shares of VanEck Emerging Markets High Yield Bond ETF in the 3rd quarter worth about $56,000. Finally, Farther Finance Advisors LLC lifted its position in VanEck Emerging Markets High Yield Bond ETF by 5,039.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,266 shares of the company’s stock valued at $86,000 after acquiring an additional 4,183 shares during the period.

VanEck Emerging Markets High Yield Bond ETF Price Performance

Shares of NYSEARCA HYEM traded down $0.03 during midday trading on Friday, hitting $19.90. 631,772 shares of the company traded hands, compared to its average volume of 193,499. VanEck Emerging Markets High Yield Bond ETF has a 12-month low of $18.43 and a 12-month high of $20.34. The stock has a 50-day moving average price of $20.10 and a 200 day moving average price of $20.02.

VanEck Emerging Markets High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.0997 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.0%.

About VanEck Emerging Markets High Yield Bond ETF

The VanEck Emerging Markets High Yield Bond ETF (HYEM) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index that measures the performance of sub-investment-grade corporate debt from emerging markets. HYEM was launched on May 9, 2012 and is managed by VanEck.