VanEck Energy Income ETF (NYSEARCA:EINC) Sees Significant Growth in Short Interest

VanEck Energy Income ETF (NYSEARCA:EINC) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 17,219 shares, an increase of 1,006.6% from the August 31st total of 1,556 shares. Based on an average daily trading volume, of 5,922 shares, the short-interest ratio is currently 2.9 days. Currently, 2.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On VanEck Energy Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EINC. Tucker Asset Management LLC grew its holdings in shares of VanEck Energy Income ETF by 123.9% during the 2nd quarter. Tucker Asset Management LLC now owns 4,061 shares of the company’s stock worth $484,000 after purchasing an additional 2,247 shares in the last quarter. Compass Financial Management LLC acquired a new position in VanEck Energy Income ETF in the second quarter valued at about $329,000. Copley Financial Group Inc. raised its stake in VanEck Energy Income ETF by 15.6% in the second quarter. Copley Financial Group Inc. now owns 51,459 shares of the company’s stock valued at $6,134,000 after purchasing an additional 6,950 shares in the last quarter. Cetera Investment Advisers bought a new stake in VanEck Energy Income ETF during the first quarter worth about $229,000. Finally, Cornerstone Planning Group LLC acquired a new stake in VanEck Energy Income ETF during the first quarter worth about $891,000.

VanEck Energy Income ETF Stock Performance

Shares of EINC stock traded down $0.59 during trading on Thursday, hitting $115.96. The company had a trading volume of 6,299 shares, compared to its average volume of 11,393. The firm has a market capitalization of $82.33 million, a P/E ratio of 19.11 and a beta of 0.59. The stock’s 50-day moving average price is $120.48 and its 200 day moving average price is $119.12. VanEck Energy Income ETF has a one year low of $91.21 and a one year high of $126.58.

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.