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

VanEck Energy Income ETF (NYSEARCA:EINC) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 21,054 shares, a growth of 877.4% from the June 30th total of 2,154 shares. Based on an average daily trading volume, of 35,304 shares, the short-interest ratio is presently 0.6 days. Approximately 3.5% of the shares of the company are sold short.

VanEck Energy Income ETF Price Performance

NYSEARCA EINC opened at $124.93 on Monday. The firm has a market cap of $79.96 million, a P/E ratio of 19.11 and a beta of 0.58. VanEck Energy Income ETF has a 52-week low of $91.21 and a 52-week high of $126.58. The business’s 50-day moving average price is $120.58 and its 200 day moving average price is $114.55.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Apollon Wealth Management LLC raised its stake in shares of VanEck Energy Income ETF by 10.1% during the first quarter. Apollon Wealth Management LLC now owns 2,547 shares of the company’s stock worth $300,000 after purchasing an additional 233 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in VanEck Energy Income ETF by 13.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,970 shares of the company’s stock worth $190,000 after buying an additional 234 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of VanEck Energy Income ETF by 16.0% in the 2nd quarter. Cetera Investment Advisers now owns 2,492 shares of the company’s stock worth $246,000 after acquiring an additional 344 shares during the period. Tucker Asset Management LLC purchased a new stake in shares of VanEck Energy Income ETF in the fourth quarter valued at about $65,000. Finally, Arax Advisory Partners acquired a new position in shares of VanEck Energy Income ETF during the fourth quarter worth about $244,000.

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.