VanEck Long Muni ETF (BATS:MLN – Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 50,649 shares, a decrease of 61.2% from the April 15th total of 130,554 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 229,026 shares, the days-to-cover ratio is presently 0.2 days.
Hedge Funds Weigh In On VanEck Long Muni ETF
Several institutional investors have recently added to or reduced their stakes in MLN. NewEdge Advisors LLC increased its stake in VanEck Long Muni ETF by 71.3% in the first quarter. NewEdge Advisors LLC now owns 37,044 shares of the company’s stock valued at $644,000 after purchasing an additional 15,423 shares during the last quarter. Jane Street Group LLC increased its stake in VanEck Long Muni ETF by 1,373.6% in the first quarter. Jane Street Group LLC now owns 476,539 shares of the company’s stock valued at $8,287,000 after purchasing an additional 444,200 shares during the last quarter. JPMorgan Chase & Co. increased its stake in VanEck Long Muni ETF by 2,657.4% in the second quarter. JPMorgan Chase & Co. now owns 415,844 shares of the company’s stock valued at $7,024,000 after purchasing an additional 400,763 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in VanEck Long Muni ETF in the second quarter valued at $209,000. Finally, Ameriprise Financial Inc. increased its stake in VanEck Long Muni ETF by 4.9% in the second quarter. Ameriprise Financial Inc. now owns 173,364 shares of the company’s stock valued at $2,927,000 after purchasing an additional 8,123 shares during the last quarter.
VanEck Long Muni ETF Trading Down 0.2%
VanEck Long Muni ETF stock opened at $17.55 on Thursday. The stock has a fifty day moving average price of $17.56 and a 200 day moving average price of $17.58. VanEck Long Muni ETF has a 52 week low of $16.50 and a 52 week high of $17.82.
About VanEck Long Muni ETF
The VanEck Long Muni ETF (MLN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of investment grade, tax-exempt US municipal bonds with nominal maturities of at least 17 years. MLN was launched on Jan 2, 2008 and is managed by VanEck.
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