VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) Sees Unusually-High Trading Volume – Here’s What Happened

VanEck Emerging Markets High Yield Bond ETF (NYSEARCA:HYEM) shares saw an uptick in trading volume on Friday . 822,178 shares traded hands during mid-day trading, an increase of 289% from the previous session’s volume of 211,436 shares.The stock last traded at $19.99 and had previously closed at $20.00.

VanEck Emerging Markets High Yield Bond ETF Stock Down 0.1%

The business has a fifty day moving average price of $20.07 and a 200 day moving average price of $20.05.

Institutional Investors Weigh In On VanEck Emerging Markets High Yield Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp bought a new stake in shares of VanEck Emerging Markets High Yield Bond ETF during the first quarter worth approximately $25,000. Camelot Portfolios LLC bought a new position in VanEck Emerging Markets High Yield Bond ETF during the 4th quarter worth $27,000. Advisory Services Network LLC acquired a new stake in shares of VanEck Emerging Markets High Yield Bond ETF during the third quarter worth $45,000. Harbour Investments Inc. lifted its holdings in shares of VanEck Emerging Markets High Yield Bond ETF by 11.5% during the fourth quarter. Harbour Investments Inc. now owns 4,936 shares of the company’s stock worth $98,000 after buying an additional 510 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of VanEck Emerging Markets High Yield Bond ETF in the fourth quarter valued at about $130,000.

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.