VanEck High Yield Muni ETF (HYD)
VanEck High Yield Muni ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $50.46, up 0.02% on the session, giving a market capitalisation of $4.52B. Its beta of 1.02 implies it has historically moved more than the broad market.
The VanEck High Yield Muni ETF, traded under the symbol HYD, endeavors to closely mirror the price performance and yield generation of the ICE Broad High Yield Crossover Municipal Index (MHYX), before factoring in its fees and expenses. This benchmark index itself is designed to reflect the comprehensive investment outcomes of the U.S. dollar-denominated, long-term, high-yield municipal bond market, which offers tax-exempt income.
VanEck High Yield Muni ETF is most often compared with the following Financial Services names: