VanEck Long Muni ETF (BATS:MLN) Short Interest Down 47.0% in May

VanEck Long Muni ETF (BATS:MLN) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 22,225 shares, a decline of 47.0% from the May 14th total of 41,923 shares. Based on an average daily trading volume, of 393,646 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On VanEck Long Muni ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC acquired a new position in shares of VanEck Long Muni ETF in the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC increased its position in VanEck Long Muni ETF by 63.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,674 shares of the company’s stock worth $29,000 after purchasing an additional 652 shares in the last quarter. Western Wealth Management LLC purchased a new position in VanEck Long Muni ETF in the first quarter valued at approximately $31,000. LGT Financial Advisors LLC raised its holdings in VanEck Long Muni ETF by 82.2% in the third quarter. LGT Financial Advisors LLC now owns 1,862 shares of the company’s stock valued at $33,000 after buying an additional 840 shares during the period. Finally, Farther Finance Advisors LLC acquired a new position in VanEck Long Muni ETF during the fourth quarter valued at approximately $34,000.

VanEck Long Muni ETF Trading Down 0.1%

Shares of MLN stock traded down $0.02 on Friday, reaching $17.62. 262,342 shares of the stock were exchanged, compared to its average volume of 279,849. The firm has a 50 day moving average of $17.57 and a two-hundred day moving average of $17.56. VanEck Long Muni ETF has a 1-year low of $16.50 and a 1-year high of $17.82.

About VanEck Long Muni ETF

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.