VanEck Environmental Services ETF (NYSEARCA:EVX) Short Interest Up 94.2% in August

VanEck Environmental Services ETF (NYSEARCA:EVX) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 7,084 shares, a growth of 94.2% from the August 15th total of 3,647 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 8,570 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in VanEck Environmental Services ETF by 23.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 68,549 shares of the company’s stock worth $2,654,000 after acquiring an additional 12,889 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of VanEck Environmental Services ETF by 4.6% in the 1st quarter. Bank of America Corp DE now owns 52,265 shares of the company’s stock worth $2,024,000 after purchasing an additional 2,293 shares in the last quarter. Capital Analysts LLC grew its position in VanEck Environmental Services ETF by 16.0% in the 2nd quarter. Capital Analysts LLC now owns 31,405 shares of the company’s stock valued at $1,295,000 after purchasing an additional 4,326 shares during the period. PFG Investments LLC grew its position in VanEck Environmental Services ETF by 4.4% in the 1st quarter. PFG Investments LLC now owns 22,560 shares of the company’s stock valued at $874,000 after purchasing an additional 960 shares during the period. Finally, Pacific Sun Financial Corp increased its stake in VanEck Environmental Services ETF by 3.4% during the 1st quarter. Pacific Sun Financial Corp now owns 19,130 shares of the company’s stock valued at $741,000 after purchasing an additional 630 shares in the last quarter.

VanEck Environmental Services ETF Stock Performance

Shares of NYSEARCA EVX traded up $0.10 during trading on Thursday, hitting $39.74. 8,658 shares of the company traded hands, compared to its average volume of 8,059. The business’s fifty day moving average is $40.88 and its 200 day moving average is $40.15. VanEck Environmental Services ETF has a fifty-two week low of $36.44 and a fifty-two week high of $42.44. The firm has a market capitalization of $81.86 million, a price-to-earnings ratio of 32.83 and a beta of 0.90.

About VanEck Environmental Services ETF

Market Vectors Environmental Services ETF (the Fund) seeks to replicate the price and yield performance of the NYSE Arca Environmental Services Index (the Index). The Index is a modified equal dollar-weighted index consisting of publicly traded companies that are involved in the management, removal and storage of consumer waste and industrial by-products and related environmental services. The Fund is passively managed and may not hold each Index component in the same weighting as the Index. The Fund thus may not exactly replicate the performance of the Index.