VanEck Long Muni ETF (BATS:MLN) Sees Large Drop in Short Interest

VanEck Long Muni ETF (BATS:MLN) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 50,649 shares, a drop of 61.2% from the April 15th total of 130,554 shares. Based on an average daily volume of 229,026 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

VanEck Long Muni ETF Trading Down 0.9%

Shares of BATS MLN opened at $17.39 on Friday. VanEck Long Muni ETF has a 52 week low of $16.50 and a 52 week high of $17.82. The firm has a 50-day moving average price of $17.55 and a 200 day moving average price of $17.58.

Hedge Funds Weigh In On VanEck Long Muni ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC raised its position in VanEck Long Muni ETF by 63.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,674 shares of the company’s stock worth $29,000 after acquiring an additional 652 shares during the last quarter. Private Advisor Group LLC raised its position in VanEck Long Muni ETF by 2.0% during the third quarter. Private Advisor Group LLC now owns 34,057 shares of the company’s stock worth $595,000 after acquiring an additional 656 shares during the last quarter. Allworth Financial LP raised its position in VanEck Long Muni ETF by 1.5% during the fourth quarter. Allworth Financial LP now owns 49,744 shares of the company’s stock worth $872,000 after acquiring an additional 741 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in VanEck Long Muni ETF by 0.4% during the third quarter. OneDigital Investment Advisors LLC now owns 214,225 shares of the company’s stock worth $3,745,000 after acquiring an additional 768 shares during the last quarter. Finally, LGT Financial Advisors LLC raised its position in VanEck Long Muni ETF by 82.2% during the third quarter. LGT Financial Advisors LLC now owns 1,862 shares of the company’s stock worth $33,000 after acquiring an additional 840 shares during the last quarter.

VanEck Long Muni ETF Company Profile

The VanEck Long Muni ETF (MLN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of investment grade, tax-exempt US municipal bonds with nominal maturities of at least 17 years. MLN was launched on Jan 2, 2008 and is managed by VanEck.