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

VanEck Energy Income ETF (NYSEARCA:EINC) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 47,111 shares, an increase of 89.9% from the April 15th total of 24,813 shares. Based on an average daily volume of 4,704 shares, the days-to-cover ratio is currently 10.0 days. Approximately 3.9% of the company’s stock are sold short.

Institutional Investors Weigh In On VanEck Energy Income ETF

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada purchased a new position in shares of VanEck Energy Income ETF in the 1st quarter valued at about $328,000. Cetera Investment Advisers increased its holdings 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 valued at $246,000 after acquiring an additional 344 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in shares of VanEck Energy Income ETF by 6.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 17,822 shares of the company’s stock valued at $1,767,000 after acquiring an additional 1,141 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of VanEck Energy Income ETF by 21.6% in the 3rd quarter. Van ECK Associates Corp now owns 196,622 shares of the company’s stock valued at $19,497,000 after acquiring an additional 34,958 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of VanEck Energy Income ETF in the 3rd quarter valued at about $694,000.

VanEck Energy Income ETF Stock Up 0.7%

NYSEARCA EINC traded up $0.87 during trading hours on Friday, hitting $122.53. 5,327 shares of the company were exchanged, compared to its average volume of 8,269. The company has a 50 day moving average of $116.78 and a two-hundred day moving average of $105.71. VanEck Energy Income ETF has a 52-week low of $91.21 and a 52-week high of $122.74. The firm has a market cap of $148.26 million, a price-to-earnings ratio of 19.11 and a beta of 0.60.

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.