Virtus Stone Harbor Emerging Markets High Yield Bond ETF (NYSEARCA:VEMY) Sees Large Drop in Short Interest

Virtus Stone Harbor Emerging Markets High Yield Bond ETF (NYSEARCA:VEMY) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 9,015 shares, a decline of 70.1% from the August 15th total of 30,121 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 14,011 shares, the days-to-cover ratio is presently 0.6 days.

Virtus Stone Harbor Emerging Markets High Yield Bond ETF Trading Down 0.4%

NYSEARCA VEMY traded down $0.10 during trading hours on Monday, hitting $28.18. 12,185 shares of the company’s stock were exchanged, compared to its average volume of 18,115. The stock has a 50-day simple moving average of $28.61 and a 200 day simple moving average of $28.53. Virtus Stone Harbor Emerging Markets High Yield Bond ETF has a 1-year low of $27.34 and a 1-year high of $29.11.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Virtus Stone Harbor Emerging Markets High Yield Bond ETF stock. Arax Advisory Partners increased its stake in shares of Virtus Stone Harbor Emerging Markets High Yield Bond ETF (NYSEARCA:VEMY) by 96.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,105 shares of the company’s stock after acquiring an additional 542 shares during the quarter. Arax Advisory Partners owned approximately 0.18% of Virtus Stone Harbor Emerging Markets High Yield Bond ETF worth $31,000 at the end of the most recent quarter.

Virtus Stone Harbor Emerging Markets High Yield Bond ETF Company Profile

The Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed, broad portfolio of emerging market high yield debt securities. The fund seeks current income and secondarily, capital appreciation. VEMY was launched on Dec 12, 2022 and is managed by Virtus.