Short Interest in VanEck Long Muni ETF (BATS:MLN) Decreases By 61.2%

VanEck Long Muni ETF (BATS:MLN) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 50,649 shares, a decrease of 61.2% from the April 15th total of 130,554 shares. Based on an average trading volume of 229,026 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On VanEck Long Muni ETF

Large investors have recently modified their holdings of the company. Wellington Management Group LLP purchased a new position in VanEck Long Muni ETF in the third quarter valued at $28,681,000. Jane Street Group LLC increased its holdings in shares of VanEck Long Muni ETF by 291.0% in the 2nd quarter. Jane Street Group LLC now owns 1,863,224 shares of the company’s stock valued at $31,470,000 after acquiring an additional 1,386,685 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of VanEck Long Muni ETF by 41.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,253,697 shares of the company’s stock valued at $74,355,000 after acquiring an additional 1,254,711 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of VanEck Long Muni ETF by 37.5% in the 3rd quarter. Raymond James Financial Inc. now owns 2,720,172 shares of the company’s stock valued at $47,549,000 after acquiring an additional 742,038 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of VanEck Long Muni ETF by 36.2% in the 4th quarter. LPL Financial LLC now owns 1,929,772 shares of the company’s stock valued at $33,831,000 after acquiring an additional 512,405 shares during the last quarter.

VanEck Long Muni ETF Stock Performance

Shares of BATS MLN opened at $17.55 on Friday. The stock’s 50-day moving average is $17.56 and its two-hundred day moving average is $17.58. VanEck Long Muni ETF has a 1-year low of $16.50 and a 1-year high of $17.82.

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.