VanEck Environmental Services ETF (NYSEARCA:EVX – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 7,084 shares, an increase of 94.2% from the August 15th total of 3,647 shares. Based on an average trading volume of 8,570 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the company’s shares are short sold.
VanEck Environmental Services ETF Stock Down 0.3%
NYSEARCA EVX traded down $0.10 during trading hours on Wednesday, hitting $39.64. 10,177 shares of the company were exchanged, compared to its average volume of 8,056. The stock has a 50-day moving average price of $40.91 and a 200 day moving average price of $40.17. VanEck Environmental Services ETF has a 52 week low of $36.44 and a 52 week high of $42.44. The stock has a market cap of $81.66 million, a PE ratio of 32.83 and a beta of 0.90.
Hedge Funds Weigh In On VanEck Environmental Services ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Capital Analysts LLC raised its holdings in VanEck Environmental Services ETF by 16.0% during the 2nd quarter. Capital Analysts LLC now owns 31,405 shares of the company’s stock valued at $1,295,000 after buying an additional 4,326 shares during the period. Sonoma Allocations LLC purchased a new position in VanEck Environmental Services ETF during the second quarter worth $228,000. Arete Wealth Advisors LLC bought a new position in VanEck Environmental Services ETF during the first quarter valued at $438,000. Bank of America Corp DE increased its position in VanEck Environmental Services ETF by 4.6% during the first quarter. Bank of America Corp DE now owns 52,265 shares of the company’s stock valued at $2,024,000 after acquiring an additional 2,293 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of VanEck Environmental Services ETF by 10.6% in the first quarter. Cetera Investment Advisers now owns 10,937 shares of the company’s stock valued at $424,000 after acquiring an additional 1,045 shares during the period.
About VanEck Environmental Services ETF
Market Vectors Environmental Services ETF (the Fund) seeks to replicate the price and yield performance of the NYSE Arca Environmental Services Index (the Index). The Index is a modified equal dollar-weighted index consisting of publicly traded companies that are involved in the management, removal and storage of consumer waste and industrial by-products and related environmental services. The Fund is passively managed and may not hold each Index component in the same weighting as the Index. The Fund thus may not exactly replicate the performance of the Index.
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