Short Interest in VanEck High Yield Muni ETF (BATS:HYD) Expands By 112.9%

VanEck High Yield Muni ETF (BATS:HYD) was the recipient of a significant growth in short interest during the month of 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. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 949,836 shares, the days-to-cover ratio is currently 0.5 days.

VanEck High Yield Muni ETF Price Performance

BATS HYD traded down $0.21 during trading on Tuesday, hitting $48.73. 889,438 shares of the company traded hands, compared to its average volume of 902,050. VanEck High Yield Muni ETF has a 12 month low of $48.76 and a 12 month high of $51.68. The business has a fifty day simple moving average of $50.30 and a 200 day simple moving average of $50.75.

Institutional Investors Weigh In On VanEck High Yield Muni ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Basecamp Wealth Advisors LLC acquired a new stake in VanEck High Yield Muni ETF during the first quarter worth $37,000. Blue Trust Inc. lifted its holdings in shares of VanEck High Yield Muni ETF by 159.0% during the 1st quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock worth $52,000 after acquiring an additional 639 shares during the period. Tucker Asset Management LLC bought a new position in shares of VanEck High Yield Muni ETF during the 4th quarter worth about $55,000. Centennial Bank AR boosted its position in shares of VanEck High Yield Muni ETF by 83.8% during the 4th quarter. Centennial Bank AR now owns 1,669 shares of the company’s stock valued at $85,000 after acquiring an additional 761 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in VanEck High Yield Muni ETF by 24.2% during the first quarter. International Assets Investment Management LLC now owns 1,757 shares of the company’s stock valued at $89,000 after purchasing an additional 342 shares in the last quarter.

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.