VanEck High Yield Muni ETF (BATS:HYD) Short Interest Down 67.8% in May

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

Institutional Investors Weigh In On VanEck High Yield Muni ETF

Institutional investors have recently made changes to their positions in the company. Boyd Watterson Asset Management LLC OH acquired a new stake in shares of VanEck High Yield Muni ETF during the 4th quarter valued at about $25,000. US Bancorp DE lifted its holdings in shares of 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 buying an additional 271 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new stake in shares of VanEck High Yield Muni ETF during the 3rd quarter valued at about $30,000. JDM Financial Group LLC acquired a new stake in shares of VanEck High Yield Muni ETF during the 4th quarter valued at about $38,000. Finally, Centennial Bank AR acquired a new stake in shares of VanEck High Yield Muni ETF during the 3rd quarter valued at about $46,000.

VanEck High Yield Muni ETF Stock Performance

Shares of BATS HYD opened at $51.38 on Friday. VanEck High Yield Muni ETF has a one year low of $48.85 and a one year high of $51.66. The business has a 50-day moving average price of $50.79 and a two-hundred day moving average price of $50.98.

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.