VanEck Energy Income ETF (NYSEARCA:EINC) Sees Large Decrease in Short Interest
by Tristan Rich · The Markets DailyVanEck Energy Income ETF (NYSEARCA:EINC – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 2,154 shares, a drop of 88.0% from the June 15th total of 17,923 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 35,011 shares, the days-to-cover ratio is presently 0.1 days.
VanEck Energy Income ETF Stock Up 0.2%
EINC traded up $0.23 on Friday, hitting $120.58. 11,106 shares of the company traded hands, compared to its average volume of 11,732. VanEck Energy Income ETF has a 12-month low of $91.21 and a 12-month high of $125.71. The company has a 50 day moving average of $119.73 and a 200-day moving average of $112.54. The stock has a market capitalization of $109.73 million, a PE ratio of 19.11 and a beta of 0.58.
Institutional Trading of VanEck Energy Income ETF
A number of institutional investors have recently added to or reduced their stakes in EINC. Tucker Asset Management LLC acquired a new stake in VanEck Energy Income ETF in the 4th quarter valued at about $65,000. Rockefeller Capital Management L.P. lifted its holdings in shares of VanEck Energy Income ETF by 13.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,970 shares of the company’s stock valued at $190,000 after purchasing an additional 234 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of VanEck Energy Income ETF in the first quarter valued at approximately $229,000. Arax Advisory Partners acquired a new stake in shares of VanEck Energy Income ETF in the fourth quarter valued at approximately $244,000. Finally, Laird Norton Wetherby Wealth Management LLC purchased a new position in shares of VanEck Energy Income ETF during the 3rd quarter worth approximately $264,000.
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.