VanEck Energy Income ETF (NYSEARCA:EINC – Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 21,054 shares, a growth of 877.4% from the June 30th total of 2,154 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average daily trading volume, of 35,304 shares, the short-interest ratio is currently 0.6 days.
VanEck Energy Income ETF Trading Down 0.3%
Shares of NYSEARCA:EINC opened at $124.93 on Friday. VanEck Energy Income ETF has a 1 year low of $91.21 and a 1 year high of $126.58. The business has a fifty day simple moving average of $120.58 and a 200 day simple moving average of $114.43. The firm has a market cap of $76.21 million, a price-to-earnings ratio of 19.11 and a beta of 0.58.
Institutional Investors Weigh In On VanEck Energy Income ETF
Several institutional investors and hedge funds have recently modified their holdings of EINC. Copley Financial Group Inc. acquired a new position in VanEck Energy Income ETF during the 1st quarter worth $5,244,000. Cetera Investment Advisers acquired a new stake in VanEck Energy Income ETF during the first quarter worth $229,000. Cornerstone Planning Group LLC acquired a new position in VanEck Energy Income ETF in the first quarter worth about $891,000. Ascent Advisors LLC bought a new position in shares of VanEck Energy Income ETF during the 1st quarter worth approximately $842,000. Finally, Apollon Wealth Management LLC boosted its stake in shares of VanEck Energy Income ETF by 10.1% in the 1st quarter. Apollon Wealth Management LLC now owns 2,547 shares of the company’s stock valued at $300,000 after purchasing an additional 233 shares in the last quarter.
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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