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

VanEck Energy Income ETF (NYSEARCA:EINC) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 2,154 shares, a drop of 88.0% from the June 15th total of 17,923 shares. Based on an average trading volume of 35,011 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

VanEck Energy Income ETF Stock Up 0.2%

EINC stock traded up $0.23 during mid-day trading on Friday, reaching $120.58. The company had a trading volume of 11,106 shares, compared to its average volume of 11,732. VanEck Energy Income ETF has a one year low of $91.21 and a one year high of $125.71. The stock has a market capitalization of $109.73 million, a P/E ratio of 19.11 and a beta of 0.58. The stock’s 50-day simple moving average is $119.68 and its two-hundred day simple moving average is $112.49.

Institutional Trading of VanEck Energy Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Copley Financial Group Inc. bought a new stake in VanEck Energy Income ETF during the first quarter worth approximately $5,244,000. Cetera Investment Advisers bought a new position in VanEck Energy Income ETF during the 1st quarter valued at $229,000. Cornerstone Planning Group LLC acquired a new position in shares of VanEck Energy Income ETF during the 1st quarter valued at $891,000. Ascent Advisors LLC acquired a new position in shares of VanEck Energy Income ETF during the 1st quarter valued at $842,000. Finally, Apollon Wealth Management LLC raised its stake in shares of VanEck Energy Income ETF by 10.1% in the 1st quarter. Apollon Wealth Management LLC now owns 2,547 shares of the company’s stock worth $300,000 after buying an additional 233 shares in the last quarter.

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.