VanEck Energy Income ETF (NYSEARCA:EINC – Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 47,111 shares, a growth of 89.9% from the April 15th total of 24,813 shares. Approximately 3.9% of the shares of the stock are sold short. Based on an average trading volume of 4,704 shares, the days-to-cover ratio is presently 10.0 days.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Tucker Asset Management LLC bought a new stake in shares of VanEck Energy Income ETF during the fourth quarter worth $65,000. Rockefeller Capital Management L.P. grew its stake in shares of VanEck Energy Income ETF by 13.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,970 shares of the company’s stock worth $190,000 after buying an additional 234 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of VanEck Energy Income ETF during the first quarter worth $229,000. Arax Advisory Partners bought a new stake in shares of VanEck Energy Income ETF during the fourth quarter worth $244,000. Finally, Laird Norton Wetherby Wealth Management LLC bought a new stake in shares of VanEck Energy Income ETF during the third quarter worth $264,000.
VanEck Energy Income ETF Price Performance
NYSEARCA:EINC traded up $1.25 during mid-day trading on Monday, reaching $123.78. The stock had a trading volume of 12,435 shares, compared to its average volume of 8,313. The stock has a 50-day simple moving average of $116.94 and a two-hundred day simple moving average of $106.01. The stock has a market capitalization of $149.77 million, a PE ratio of 19.11 and a beta of 0.60. VanEck Energy Income ETF has a 12 month low of $91.21 and a 12 month high of $124.27.
About VanEck Energy Income ETF
The VanEck Energy Income ETF (EINC) is an exchange-traded fund that mostly invests in energy equity. The fund tracks a market cap-weighted index of North American companies in midstream energy segments. EINC was launched on Mar 13, 2012 and is managed by VanEck.
Recommended Stories
- Five stocks we like better than VanEck Energy Income ETF
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
- 5 Robotics Stocks to Watch as Physical AI Builds Momentum
Receive News & Ratings for VanEck Energy Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Energy Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
