VanEck Long Muni ETF (BATS:MLN) Sees Significant Drop in Short Interest

VanEck Long Muni ETF (BATS:MLN) was the target of a large decline in short interest in October. As of October 30th, there was short interest totaling 195,527 shares, a decline of 84.5% from the October 15th total of 1,257,896 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 1,040,635 shares, the days-to-cover ratio is presently 0.2 days.

VanEck Long Muni ETF Stock Performance

BATS:MLN opened at $17.03 on Thursday. The stock’s 50 day moving average price is $16.64 and its 200 day moving average price is $17.32. VanEck Long Muni ETF has a 52 week low of $16.04 and a 52 week high of $17.82.

Institutional Trading of VanEck Long Muni ETF

A number of institutional investors and hedge funds have recently made changes to their positions in MLN. Kestra Investment Management LLC boosted its stake in shares of VanEck Long Muni ETF by 2.5% during the 3rd quarter. Kestra Investment Management LLC now owns 4,066,545 shares of the company’s stock worth $66,386,000 after acquiring an additional 98,547 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of VanEck Long Muni ETF by 7.6% during the 1st quarter. Bank of America Corp DE now owns 3,326,592 shares of the company’s stock valued at $58,016,000 after acquiring an additional 234,656 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of VanEck Long Muni ETF by 432.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 1,497,269 shares of the company’s stock valued at $24,443,000 after acquiring an additional 1,216,206 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of VanEck Long Muni ETF by 2.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,479,676 shares of the company’s stock valued at $25,806,000 after acquiring an additional 41,560 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC bought a new position in shares of VanEck Long Muni ETF in the 3rd quarter valued at approximately $15,835,000.

VanEck Long Muni ETF Company Profile

The VanEck Long Muni ETF (MLN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of investment grade, tax-exempt US municipal bonds with nominal maturities of at least 17 years. MLN was launched on Jan 2, 2008 and is managed by VanEck.