VanEck Durable High Dividend ETF (BATS:DURA) Sees Large Increase in Short Interest

VanEck Durable High Dividend ETF (BATS:DURA) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 1,318 shares, a growth of 1,046.1% from the April 15th total of 115 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 2,179 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in shares of VanEck Durable High Dividend ETF by 7.1% in the third quarter. Bank of America Corp DE now owns 251,195 shares of the company’s stock valued at $8,521,000 after purchasing an additional 16,577 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of VanEck Durable High Dividend ETF by 2.0% in the third quarter. Envestnet Asset Management Inc. now owns 92,651 shares of the company’s stock valued at $3,143,000 after purchasing an additional 1,784 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of VanEck Durable High Dividend ETF by 82.2% in the fourth quarter. Royal Bank of Canada now owns 59,886 shares of the company’s stock valued at $2,024,000 after purchasing an additional 27,010 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of VanEck Durable High Dividend ETF in the third quarter valued at about $886,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of VanEck Durable High Dividend ETF by 7.5% in the second quarter. Osaic Holdings Inc. now owns 21,463 shares of the company’s stock valued at $701,000 after purchasing an additional 1,492 shares in the last quarter.

VanEck Durable High Dividend ETF Stock Up 1.0%

BATS:DURA opened at $37.62 on Tuesday. VanEck Durable High Dividend ETF has a 12-month low of $31.35 and a 12-month high of $38.43. The firm has a market capitalization of $50.79 million, a P/E ratio of 15.63 and a beta of 0.64. The stock’s fifty day simple moving average is $37.21 and its 200-day simple moving average is $35.66.

About VanEck Durable High Dividend ETF

The VanEck Morningstar Durable Dividend ETF (DURA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a dividend-weighted index of US firms that are screened for dividend yield, financial health, and valuation. DURA was launched on Oct 30, 2018 and is managed by VanEck.