VanEck CEF Muni Income ETF (BATS:XMPT) Short Interest Down 55.0% in May

VanEck CEF Muni Income ETF (BATS:XMPT) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 18,110 shares, a decline of 55.0% from the April 30th total of 40,264 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 32,336 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On VanEck CEF Muni Income ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Investment Partners LTD. raised its stake in shares of VanEck CEF Muni Income ETF by 45.3% during the third quarter. Investment Partners LTD. now owns 77,375 shares of the company’s stock worth $1,694,000 after buying an additional 24,130 shares during the last quarter. Total Clarity Wealth Management Inc. bought a new stake in shares of VanEck CEF Muni Income ETF during the fourth quarter worth approximately $2,061,000. Envestnet Asset Management Inc. grew its holdings in VanEck CEF Muni Income ETF by 19.2% during the third quarter. Envestnet Asset Management Inc. now owns 349,272 shares of the company’s stock valued at $7,646,000 after purchasing an additional 56,189 shares during the period. Ameritas Advisory Services LLC acquired a new position in VanEck CEF Muni Income ETF during the third quarter valued at approximately $111,000. Finally, Fidelity D & D Bancorp Inc. grew its holdings in VanEck CEF Muni Income ETF by 11.6% during the fourth quarter. Fidelity D & D Bancorp Inc. now owns 85,443 shares of the company’s stock valued at $1,869,000 after purchasing an additional 8,886 shares during the period.

VanEck CEF Muni Income ETF Price Performance

XMPT opened at $21.99 on Monday. The firm has a 50 day simple moving average of $21.70 and a 200 day simple moving average of $21.94. VanEck CEF Muni Income ETF has a fifty-two week low of $20.53 and a fifty-two week high of $22.66.

About VanEck CEF Muni Income ETF

The VanEck CEF Municipal Income ETF (XMPT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a fund-of-funds that tracks an index that provides exposure to US-listed muni-bond closed-end funds. XMPT was launched on Jul 12, 2011 and is managed by VanEck.