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

VanEck Energy Income ETF (NYSEARCA:EINC) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 17,219 shares, a growth of 1,006.6% from the August 31st total of 1,556 shares. Based on an average daily trading volume, of 5,922 shares, the short-interest ratio is presently 2.9 days. Approximately 2.4% of the company’s stock are sold short.

VanEck Energy Income ETF Trading Down 0.5%

Shares of VanEck Energy Income ETF stock traded down $0.59 during trading hours on Thursday, reaching $115.96. 6,299 shares of the company’s stock were exchanged, compared to its average volume of 11,393. The company has a 50 day moving average of $120.48 and a two-hundred day moving average of $119.12. VanEck Energy Income ETF has a fifty-two week low of $91.21 and a fifty-two week high of $126.58. The stock has a market cap of $82.33 million, a P/E ratio of 19.11 and a beta of 0.59.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Copley Financial Group Inc. increased its position in shares of 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. Cornerstone Planning Group LLC bought a new stake in shares of VanEck Energy Income ETF during the 1st quarter worth approximately $891,000. Ascent Advisors LLC acquired a new stake in shares of VanEck Energy Income ETF in the 1st quarter valued at approximately $842,000. Tucker Asset Management LLC boosted its holdings in shares of 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 buying an additional 2,247 shares during the last quarter. Finally, Compass Financial Management LLC acquired a new stake in shares of VanEck Energy Income ETF in the 2nd quarter valued at approximately $329,000.

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.