VanEck Vectors High Yield Municipal Index ETF (NYSEARCA:HYD) Short Interest Down 81.6% in February

VanEck Vectors High Yield Municipal Index ETF (NYSEARCA:HYD) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 404,920 shares, a drop of 81.6% from the February 15th total of 2,204,136 shares. Based on an average daily trading volume, of 1,001,327 shares, the short-interest ratio is currently 0.4 days.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HYD. The Manufacturers Life Insurance Company grew its stake in shares of VanEck Vectors High Yield Municipal Index ETF by 2,420.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,504 shares of the company’s stock worth $109,000 after purchasing an additional 3,365 shares in the last quarter. CWM LLC grew its stake in shares of VanEck Vectors High Yield Municipal Index ETF by 701.3% in the fourth quarter. CWM LLC now owns 4,263 shares of the company’s stock worth $133,000 after purchasing an additional 3,731 shares in the last quarter. We Are One Seven LLC bought a new position in VanEck Vectors High Yield Municipal Index ETF during the fourth quarter valued at about $137,000. Almanack Investment Partners LLC. bought a new position in VanEck Vectors High Yield Municipal Index ETF during the fourth quarter valued at about $174,000. Finally, First United Bank Trust bought a new position in VanEck Vectors High Yield Municipal Index ETF during the fourth quarter valued at about $206,000.

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HYD stock traded up $0.04 during trading on Friday, hitting $31.05. The stock had a trading volume of 385,709 shares, compared to its average volume of 914,604. VanEck Vectors High Yield Municipal Index ETF has a 1-year low of $30.22 and a 1-year high of $31.47.

The company also recently announced a monthly dividend, which was paid on Friday, April 6th. Stockholders of record on Tuesday, April 3rd were issued a dividend of $0.1173 per share. The ex-dividend date was Monday, April 2nd. This represents a $1.41 dividend on an annualized basis and a dividend yield of 4.53%. This is a boost from VanEck Vectors High Yield Municipal Index ETF’s previous monthly dividend of $0.11.

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