VanEck Energy Income ETF (NYSEARCA:EINC – Get Free Report) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 47,111 shares, an increase of 89.9% from the April 15th total of 24,813 shares. Based on an average trading volume of 4,704 shares, the short-interest ratio is currently 10.0 days. Currently, 3.9% of the company’s shares are short sold.
VanEck Energy Income ETF Trading Up 0.7%
EINC traded up $0.87 during mid-day trading on Friday, hitting $122.53. 5,327 shares of the stock were exchanged, compared to its average volume of 8,269. The firm’s fifty day moving average is $116.78 and its two-hundred day moving average is $105.71. VanEck Energy Income ETF has a 1-year low of $91.21 and a 1-year high of $122.74. The company has a market cap of $148.26 million, a PE ratio of 19.11 and a beta of 0.60.
Institutional Investors Weigh In On VanEck Energy Income ETF
Several large investors have recently bought and sold shares of EINC. Royal Bank of Canada purchased a new stake in VanEck Energy Income ETF during the 1st quarter worth about $328,000. Cetera Investment Advisers increased its holdings in VanEck Energy Income ETF by 16.0% during the 2nd quarter. Cetera Investment Advisers now owns 2,492 shares of the company’s stock worth $246,000 after purchasing an additional 344 shares during the period. Wealthfront Advisers LLC increased its holdings in VanEck Energy Income ETF by 6.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 17,822 shares of the company’s stock worth $1,767,000 after purchasing an additional 1,141 shares during the period. Van ECK Associates Corp increased its holdings in VanEck Energy Income ETF by 21.6% during the 3rd quarter. Van ECK Associates Corp now owns 196,622 shares of the company’s stock worth $19,497,000 after purchasing an additional 34,958 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in VanEck Energy Income ETF during the 3rd quarter worth about $694,000.
About VanEck Energy Income ETF
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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