VanEck Long Muni ETF (BATS:MLN – Get Free Report) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 57,553 shares, an increase of 159.0% from the May 31st total of 22,225 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 214,586 shares, the short-interest ratio is presently 0.3 days.
Hedge Funds Weigh In On VanEck Long Muni ETF
A number of large investors have recently modified their holdings of the business. Capital Investment Advisory Services LLC purchased a new stake in shares of VanEck Long Muni ETF in the fourth quarter valued at approximately $25,000. Cornerstone Planning Group LLC raised its position in VanEck Long Muni ETF by 63.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,674 shares of the company’s stock worth $29,000 after acquiring an additional 652 shares in the last quarter. Western Wealth Management LLC acquired a new stake in VanEck Long Muni ETF in the first quarter valued at $31,000. LGT Financial Advisors LLC lifted its holdings in VanEck Long Muni ETF by 82.2% in the third quarter. LGT Financial Advisors LLC now owns 1,862 shares of the company’s stock valued at $33,000 after acquiring an additional 840 shares during the period. Finally, Farther Finance Advisors LLC purchased a new stake in shares of VanEck Long Muni ETF during the 4th quarter worth $34,000.
VanEck Long Muni ETF Stock Performance
Shares of VanEck Long Muni ETF stock opened at $17.75 on Monday. VanEck Long Muni ETF has a 52-week low of $16.50 and a 52-week high of $17.82. The company’s 50-day simple moving average is $17.60 and its 200-day simple moving average is $17.57.
About VanEck Long Muni ETF
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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