VanEck Energy Income ETF (NYSEARCA:EINC – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,556 shares, a decline of 85.2% from the August 15th total of 10,497 shares. Based on an average daily trading volume, of 6,723 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are sold short.
VanEck Energy Income ETF Trading Down 0.3%
Shares of NYSEARCA EINC traded down $0.39 during mid-day trading on Friday, reaching $119.94. The company had a trading volume of 3,297 shares, compared to its average volume of 11,759. The firm has a 50 day simple moving average of $121.14 and a two-hundred day simple moving average of $118.87. VanEck Energy Income ETF has a 52-week low of $91.21 and a 52-week high of $126.58. The stock has a market cap of $82.76 million, a P/E ratio of 19.11 and a beta of 0.59.
Institutional Trading of VanEck Energy Income ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in EINC. Tucker Asset Management LLC purchased a new stake in shares of VanEck Energy Income ETF in the 4th quarter valued at about $65,000. Cetera Investment Advisers purchased a new position in VanEck Energy Income ETF during the 1st quarter worth approximately $229,000. Rockefeller Capital Management L.P. increased its position in VanEck Energy Income ETF by 13.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,970 shares of the company’s stock worth $190,000 after buying an additional 234 shares during the period. Arax Advisory Partners acquired a new position in VanEck Energy Income ETF during the fourth quarter worth approximately $244,000. Finally, Apollon Wealth Management LLC lifted its stake in VanEck Energy Income ETF by 10.1% in the first quarter. Apollon Wealth Management LLC now owns 2,547 shares of the company’s stock valued at $300,000 after buying an additional 233 shares during the last quarter.
VanEck Energy Income ETF Company Profile
The VanEck Energy Income ETF (EINC) is an exchange-traded fund that mostly invests in energy equity. The fund tracks a market cap-weighted index of North American companies in midstream energy segments. EINC was launched on Mar 13, 2012 and is managed by VanEck.
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