VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Hits New 52-Week Low – Time to Sell?

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM)’s share price hit a new 52-week low during trading on Monday. The company traded as low as $19.20 and last traded at $19.21, with a volume of 4,427 shares changing hands. The stock had previously closed at $19.29.

VanEck Emerging Markets High Yield Bond ETF Stock Down 0.5%

The business’s fifty day moving average is $19.63 and its two-hundred day moving average is $19.94.

Institutional Trading of VanEck Emerging Markets High Yield Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its stake in shares of VanEck Emerging Markets High Yield Bond ETF by 167.4% during the 1st quarter. Bank of America Corp DE now owns 4,431,238 shares of the company’s stock worth $87,428,000 after buying an additional 2,774,036 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of VanEck Emerging Markets High Yield Bond ETF during the third quarter worth $29,737,000. Assetmark Inc. lifted its holdings in shares of VanEck Emerging Markets High Yield Bond ETF by 13.2% during the 1st quarter. Assetmark Inc. now owns 729,335 shares of the company’s stock worth $14,390,000 after acquiring an additional 84,849 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in shares of VanEck Emerging Markets High Yield Bond ETF by 7.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 279,294 shares of the company’s stock worth $5,617,000 after buying an additional 19,892 shares during the period. Finally, Royal Bank of Canada grew its stake in VanEck Emerging Markets High Yield Bond ETF by 15.2% during the first quarter. Royal Bank of Canada now owns 166,713 shares of the company’s stock worth $3,289,000 after buying an additional 21,980 shares during the period.

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.