VanEck Low Carbon Energy ETF (NYSEARCA:SMOG) Sees Large Decrease in Short Interest

VanEck Low Carbon Energy ETF (NYSEARCA:SMOG) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 308 shares, a decrease of 40.8% from the January 29th total of 520 shares. Based on an average daily trading volume, of 1,239 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,239 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On VanEck Low Carbon Energy ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMOG. Westfuller Advisors LLC bought a new position in VanEck Low Carbon Energy ETF in the 3rd quarter worth about $27,000. Elevated Capital Advisors LLC bought a new position in VanEck Low Carbon Energy ETF in the fourth quarter worth approximately $81,000. Atlantic Union Bankshares Corp purchased a new position in VanEck Low Carbon Energy ETF during the 3rd quarter worth $108,000. AE Wealth Management LLC raised its position in VanEck Low Carbon Energy ETF by 140.3% during the 3rd quarter. AE Wealth Management LLC now owns 865 shares of the company’s stock valued at $110,000 after purchasing an additional 505 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in VanEck Low Carbon Energy ETF during the 3rd quarter valued at $222,000.

VanEck Low Carbon Energy ETF Stock Down 0.7%

SMOG opened at $141.84 on Friday. The business has a fifty day moving average of $136.76 and a 200 day moving average of $130.91. The stock has a market cap of $139.00 million, a P/E ratio of 19.47 and a beta of 1.13. VanEck Low Carbon Energy ETF has a 52-week low of $88.51 and a 52-week high of $144.91.

VanEck Low Carbon Energy ETF Company Profile

The VanEck Low Carbon Energy ETF (SMOG) is an exchange-traded fund that is based on the MVIS Global Low Carbon Energy index, a market-cap-weighted index of companies that focuses specifically on renewable energy SMOG was launched on May 3, 2007 and is managed by VanEck.