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

VanEck Environmental Services ETF (NYSEARCA:EVX) saw a significant growth in short interest in 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. Based on an average trading volume of 8,570 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On VanEck Environmental Services ETF

Several institutional investors and hedge funds have recently modified their holdings of EVX. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of 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 valued at $2,654,000 after buying an additional 12,889 shares in the last quarter. Arete Wealth Advisors LLC purchased a new position in VanEck Environmental Services ETF in the 1st quarter worth approximately $438,000. Sonoma Allocations LLC purchased a new position in VanEck Environmental Services ETF in the 2nd quarter worth approximately $228,000. Capital Analysts LLC grew its position in VanEck Environmental Services ETF by 16.0% in the second quarter. Capital Analysts LLC now owns 31,405 shares of the company’s stock valued at $1,295,000 after acquiring an additional 4,326 shares in the last quarter. Finally, Bank of America Corp DE grew its position in VanEck Environmental Services ETF by 4.6% in the first quarter. Bank of America Corp DE now owns 52,265 shares of the company’s stock valued at $2,024,000 after acquiring an additional 2,293 shares in the last quarter.

VanEck Environmental Services ETF Stock Performance

VanEck Environmental Services ETF stock traded down $0.16 during trading on Tuesday, reaching $39.74. 2,531 shares of the company’s stock were exchanged, compared to its average volume of 8,044. VanEck Environmental Services ETF has a 52-week low of $36.44 and a 52-week high of $42.44. The firm has a market cap of $97.36 million, a price-to-earnings ratio of 32.83 and a beta of 0.90. The company’s 50-day moving average is $40.95 and its two-hundred day moving average is $40.18.

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.