VanEck Energy Income ETF (NYSEARCA:EINC – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,556 shares, a decline of 85.2% from the August 15th total of 10,497 shares. Based on an average daily volume of 6,723 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold.
VanEck Energy Income ETF Stock Down 0.3%
NYSEARCA:EINC traded down $0.39 during mid-day trading on Friday, reaching $119.94. 3,297 shares of the stock were exchanged, compared to its average volume of 11,759. The company has a 50 day simple moving average of $121.14 and a 200-day simple moving average of $118.87. The stock has a market capitalization of $82.76 million, a P/E ratio of 19.11 and a beta of 0.59. VanEck Energy Income ETF has a 1 year low of $91.21 and a 1 year high of $126.58.
Hedge Funds Weigh In On VanEck Energy Income ETF
Hedge funds have recently modified their holdings of the business. Tucker Asset Management LLC raised its position in VanEck Energy Income ETF by 123.9% in the 2nd quarter. Tucker Asset Management LLC now owns 4,061 shares of the company’s stock valued at $484,000 after purchasing an additional 2,247 shares during the last quarter. Compass Financial Management LLC purchased a new position in VanEck Energy Income ETF during the 2nd quarter worth $329,000. Copley Financial Group Inc. grew its position in VanEck Energy Income ETF by 15.6% during the 2nd quarter. Copley Financial Group Inc. now owns 51,459 shares of the company’s stock worth $6,134,000 after purchasing an additional 6,950 shares during the last quarter. Cetera Investment Advisers purchased a new position in VanEck Energy Income ETF during the 1st quarter worth $229,000. Finally, Cornerstone Planning Group LLC acquired a new position in VanEck Energy Income ETF in the first quarter valued at $891,000.
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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