VanEck Environmental Services ETF (NYSEARCA:EVX) Short Interest Up 94.2% in August

VanEck Environmental Services ETF (NYSEARCA:EVX) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 7,084 shares, an increase of 94.2% from the August 15th total of 3,647 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 8,570 shares, the days-to-cover ratio is currently 0.8 days.

VanEck Environmental Services ETF Stock Down 0.4%

Shares of EVX stock traded down $0.16 on Tuesday, reaching $39.74. 2,531 shares of the stock were exchanged, compared to its average volume of 8,044. The stock has a market cap of $97.36 million, a P/E ratio of 32.83 and a beta of 0.90. The firm has a 50 day moving average of $40.95 and a two-hundred day moving average of $40.18. VanEck Environmental Services ETF has a 1-year low of $36.44 and a 1-year high of $42.44.

Institutional Investors Weigh In On VanEck Environmental Services ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Sonoma Allocations LLC purchased a new position in shares of VanEck Environmental Services ETF in the 2nd quarter worth about $228,000. Kestra Advisory Services LLC grew its holdings in shares of VanEck Environmental Services ETF by 12.6% during the 1st quarter. Kestra Advisory Services LLC now owns 10,056 shares of the company’s stock worth $389,000 after purchasing an additional 1,128 shares during the period. Cetera Investment Advisers grew its holdings in shares of VanEck Environmental Services ETF by 10.6% during the 1st quarter. Cetera Investment Advisers now owns 10,937 shares of the company’s stock worth $424,000 after purchasing an additional 1,045 shares during the period. Arete Wealth Advisors LLC acquired a new stake in VanEck Environmental Services ETF during the 1st quarter worth approximately $438,000. Finally, Pacific Sun Financial Corp increased its position in VanEck Environmental Services ETF by 3.4% during the 1st quarter. Pacific Sun Financial Corp now owns 19,130 shares of the company’s stock worth $741,000 after purchasing an additional 630 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.