HYEM Stock Summary and Trading Ideas (Vaneck Emerging High Yield Bond ETF | ARCA:HYEM)

VanEck Emerging Markets High Yield Bond ETF (HYEM) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of ICE BofA Diversified High Yield US Emerging Markets Corporate Plus Index (EMHY). The Index is comprised of U.S. dollar denominated bonds issued by non-sovereign emerging market (EM) issuers that are rated below investment grade.

Vaneck Emerging High Yield Bond ETF trades on the ARCA stock market under the symbol HYEM.

As of April 16, 2024, HYEM stock price declined to $18.65 with 54,157 million shares trading.

HYEM has a beta of 0.30, meaning it tends to be less sensitive to market movements. HYEM has a correlation of 0.39 to the broad based SPY ETF.

HYEM has a market cap of $361.81 million. This is considered a Small Cap stock.

In the last 3 years, HYEM stock traded as high as $23.96 and as low as $16.17.

HYEM has underperformed the market in the last year with a return of +7.7%, while the SPY ETF gained +23.7%. In the last 3 month period, HYEM fell short of the market, returning +1.2%, while SPY returned +5.9%. However, in the most recent 2 weeks HYEM has outperformed the stock market by returning -0.6%, while SPY returned -3.6%.

HYEM support price is $18.56 and resistance is $18.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HYEM stock will trade within this expected range on the day.