Short Interest in VanEck Environmental Services ETF (NYSEARCA:EVX) Expands By 181.0%

VanEck Environmental Services ETF (NYSEARCA:EVX) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 6,817 shares, a growth of 181.0% from the June 15th total of 2,426 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 12,425 shares, the short-interest ratio is currently 0.5 days.

VanEck Environmental Services ETF Stock Down 0.4%

NYSEARCA EVX traded down $0.16 on Monday, reaching $41.34. The company had a trading volume of 3,803 shares, compared to its average volume of 8,368. The stock has a market capitalization of $101.28 million, a PE ratio of 32.83 and a beta of 0.90. VanEck Environmental Services ETF has a 12 month low of $36.44 and a 12 month high of $42.44. The firm’s 50 day moving average price is $39.88 and its 200 day moving average price is $40.00.

Hedge Funds Weigh In On VanEck Environmental Services ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC bought a new stake in VanEck Environmental Services ETF in the 4th quarter worth approximately $26,000. Sound Income Strategies LLC purchased a new position in shares of VanEck Environmental Services ETF in the fourth quarter valued at $34,000. Brown Brothers Harriman & Co. bought a new stake in VanEck Environmental Services ETF in the fourth quarter worth $44,000. Geneos Wealth Management Inc. raised its stake in VanEck Environmental Services ETF by 400.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,440 shares of the company’s stock valued at $51,000 after purchasing an additional 1,152 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in VanEck Environmental Services ETF by 89.5% during the second quarter. Osaic Holdings Inc. now owns 4,550 shares of the company’s stock valued at $174,000 after purchasing an additional 2,149 shares in the last quarter.

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.