VanEck Vectors High Yield Municipal Index ETF (NYSEARCA:HYD) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 987,294 shares, an increase of 84.4% from the November 30th total of 535,287 shares. Based on an average daily volume of 665,500 shares, the short-interest ratio is presently 1.5 days.

VanEck Vectors High Yield Municipal Index ETF (HYD) opened at $31.41 on Tuesday. VanEck Vectors High Yield Municipal Index ETF has a 12-month low of $29.79 and a 12-month high of $31.47.

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Thursday, December 28th were given a $0.1146 dividend. The ex-dividend date was Wednesday, December 27th. This is a positive change from VanEck Vectors High Yield Municipal Index ETF’s previous monthly dividend of $0.11. This represents a $1.38 annualized dividend and a dividend yield of 4.38%.

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