VanEck Energy Income ETF (NYSEARCA:EINC) Short Interest Update

VanEck Energy Income ETF (NYSEARCA:EINCGet Free Report) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,154 shares, a decrease of 88.0% from the June 15th total of 17,923 shares. Based on an average daily volume of 35,011 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

VanEck Energy Income ETF Trading Up 0.2%

Shares of EINC traded up $0.23 during mid-day trading on Friday, hitting $120.58. The company’s stock had a trading volume of 11,106 shares, compared to its average volume of 11,732. VanEck Energy Income ETF has a 1-year low of $91.21 and a 1-year high of $125.71. The firm has a 50-day simple moving average of $119.68 and a 200 day simple moving average of $112.49. The firm has a market capitalization of $109.73 million, a P/E ratio of 19.11 and a beta of 0.58.

Hedge Funds Weigh In On VanEck Energy Income ETF

Several institutional investors and hedge funds have recently modified their holdings of EINC. Van ECK Associates Corp increased its position in shares of VanEck Energy Income ETF by 32.4% in the 4th quarter. Van ECK Associates Corp now owns 260,268 shares of the company’s stock worth $25,051,000 after purchasing an additional 63,646 shares during the last quarter. Copley Financial Group Inc. bought a new stake in VanEck Energy Income ETF in the first quarter valued at about $5,244,000. Cornerstone Planning Group LLC bought a new position in VanEck Energy Income ETF during the 1st quarter worth approximately $891,000. Ascent Advisors LLC bought a new position in VanEck Energy Income ETF during the 1st quarter worth approximately $842,000. Finally, Two Sigma Investments LP acquired a new position in shares of VanEck Energy Income ETF in the 3rd quarter worth approximately $694,000.

About VanEck Energy Income ETF

(Get Free Report)

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.

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