VanEck Low Carbon Energy ETF (NYSEARCA:SMOG) Sees Significant Drop in Short Interest

VanEck Low Carbon Energy ETF (NYSEARCA:SMOG) saw a large decrease in short interest in March. As of March 31st, there was short interest totaling 164 shares, a decrease of 63.6% from the March 15th total of 450 shares. Based on an average daily volume of 906 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

VanEck Low Carbon Energy ETF Stock Performance

SMOG traded up $1.55 during trading hours on Friday, reaching $144.81. The company’s stock had a trading volume of 1,352 shares, compared to its average volume of 1,483. VanEck Low Carbon Energy ETF has a 52 week low of $95.69 and a 52 week high of $144.96. The company’s 50-day moving average is $138.85 and its 200-day moving average is $134.69. The firm has a market cap of $141.91 million, a PE ratio of 19.47 and a beta of 1.03.

Institutional Investors Weigh In On VanEck Low Carbon Energy ETF

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in VanEck Low Carbon Energy ETF by 1.6% in the 4th quarter. Royal Bank of Canada now owns 4,868 shares of the company’s stock valued at $630,000 after acquiring an additional 75 shares during the period. Westfuller Advisors LLC bought a new stake in VanEck Low Carbon Energy ETF in the 3rd quarter valued at $27,000. Ameriprise Financial Inc. raised its stake in VanEck Low Carbon Energy ETF by 1.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 21,513 shares of the company’s stock valued at $2,366,000 after acquiring an additional 236 shares during the period. JNBA Financial Advisors raised its stake in VanEck Low Carbon Energy ETF by 7.2% in the 3rd quarter. JNBA Financial Advisors now owns 6,941 shares of the company’s stock valued at $882,000 after acquiring an additional 464 shares during the period. Finally, AE Wealth Management LLC raised its stake in VanEck Low Carbon Energy ETF by 140.3% in the 3rd quarter. AE Wealth Management LLC now owns 865 shares of the company’s stock valued at $110,000 after acquiring an additional 505 shares during the period.

VanEck Low Carbon Energy ETF Company Profile

The VanEck Low Carbon Energy ETF (SMOG) is an exchange-traded fund that is based on the MVIS Global Low Carbon Energy index, a market-cap-weighted index of companies that focuses specifically on renewable energy SMOG was launched on May 3, 2007 and is managed by VanEck.