VanEck Energy Income ETF (NYSEARCA:EINC) Short Interest Update

VanEck Energy Income ETF (NYSEARCA:EINC) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,000 shares, adropof23.1% from the July 15th total of 1,300 shares. Approximately0.1% of the company’s stock are short sold. Based on an average daily volume of 5,300 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 5,300 shares, the short-interest ratio is currently 0.2 days. Approximately0.1% of the company’s stock are short sold.

VanEck Energy Income ETF Stock Performance

NYSEARCA:EINC opened at $96.39 on Friday. VanEck Energy Income ETF has a fifty-two week low of $80.41 and a fifty-two week high of $104.70. The stock has a market capitalization of $76.15 million, a P/E ratio of 19.11 and a beta of 1.31. The company’s 50-day simple moving average is $96.40 and its 200-day simple moving average is $96.19.

Institutional Trading of VanEck Energy Income ETF

Institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers acquired a new stake in VanEck Energy Income ETF in the 1st quarter worth approximately $215,000. Royal Bank of Canada acquired a new stake in VanEck Energy Income ETF during the 1st quarter valued at approximately $328,000. Raymond James Financial Inc. acquired a new stake in VanEck Energy Income ETF during the 4th quarter valued at approximately $334,000. Summit X LLC lifted its stake in VanEck Energy Income ETF by 83.6% during the 2nd quarter. Summit X LLC now owns 4,472 shares of the company’s stock valued at $441,000 after acquiring an additional 2,036 shares during the period. Finally, Efficient Advisors LLC acquired a new stake in VanEck Energy Income ETF during the 1st quarter valued at approximately $444,000.

VanEck Energy Income ETF Company Profile

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.