VanEck Long Muni ETF (BATS:MLN – Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 198,058 shares, an increase of 78.6% from the September 15th total of 110,914 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 884,388 shares, the days-to-cover ratio is presently 0.2 days.
VanEck Long Muni ETF Stock Down 0.5%
BATS:MLN traded down $0.08 during trading hours on Friday, reaching $16.55. 1,721,907 shares of the stock were exchanged, compared to its average volume of 371,666. The business has a 50-day moving average of $16.83 and a two-hundred day moving average of $17.31. VanEck Long Muni ETF has a twelve month low of $16.04 and a twelve month high of $17.82.
Hedge Funds Weigh In On VanEck Long Muni ETF
Hedge funds have recently bought and sold shares of the company. Meadowbrook Advisors Group LLC purchased a new position in VanEck Long Muni ETF in the 4th quarter valued at approximately $1,367,000. Legacy Wealth Managment LLC ID acquired a new position in shares of VanEck Long Muni ETF in the second quarter worth $1,247,000. Tortoise Investment Management LLC grew its stake in shares of VanEck Long Muni ETF by 6.3% in the second quarter. Tortoise Investment Management LLC now owns 634,387 shares of the company’s stock worth $11,279,000 after acquiring an additional 37,530 shares in the last quarter. World Investment Advisors purchased a new stake in shares of VanEck Long Muni ETF during the fourth quarter worth $1,144,000. Finally, WBH Advisory Inc. increased its position in shares of VanEck Long Muni ETF by 126.9% during the first quarter. WBH Advisory Inc. now owns 61,132 shares of the company’s stock worth $1,068,000 after acquiring an additional 34,191 shares during the period.
VanEck Long Muni ETF Company Profile
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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