VanEck High Yield Muni ETF Price & Performance (HYD)

Institutional interest in the VanEck Short High Yield Muni ETF (SHYD) has grown, with Cerity Partners LLC and several others increasing positions in the fourth quarter. SHYD recently traded at $22.06, near its 52-week low, and has seen its dividend reduced amid a challenging environment for municipal bonds.1

Recent market turbulence, driven by unexpected tariff hikes and shifting U.S. policy, has led to negative returns for municipal bond ETFs. The VanEck High Yield Muni ETF (HYD) posted a year-to-date return of -2.91% as of April 23, 2025, reflecting sector-wide challenges and underperformance versus Treasuries in early 2025.2

The VanEck High Yield Muni ETF (HYD) reported a 1-year return of -4.04% and a current yield of 4.51%. With assets at $3.22 billion and a recent NAV of $49.54, the fund continues to attract investors seeking tax-exempt income, though recent performance highlights ongoing volatility in the muni market.3