Short Interest in VanEck Long Muni ETF (BATS:MLN) Expands By 159.0%

VanEck Long Muni ETF (BATS:MLN) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 57,553 shares, an increase of 159.0% from the May 31st total of 22,225 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 214,586 shares, the short-interest ratio is presently 0.3 days.

VanEck Long Muni ETF Stock Performance

BATS MLN opened at $17.75 on Monday. VanEck Long Muni ETF has a one year low of $16.50 and a one year high of $17.82. The firm’s fifty day moving average is $17.60 and its two-hundred day moving average is $17.57.

Hedge Funds Weigh In On VanEck Long Muni ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its stake in VanEck Long Muni ETF by 71.3% during the 1st quarter. NewEdge Advisors LLC now owns 37,044 shares of the company’s stock valued at $644,000 after acquiring an additional 15,423 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of VanEck Long Muni ETF by 1,373.6% in the first quarter. Jane Street Group LLC now owns 476,539 shares of the company’s stock valued at $8,287,000 after purchasing an additional 444,200 shares during the period. JPMorgan Chase & Co. raised its stake in shares of VanEck Long Muni ETF by 2,657.4% during the second quarter. JPMorgan Chase & Co. now owns 415,844 shares of the company’s stock worth $7,024,000 after purchasing an additional 400,763 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of VanEck Long Muni ETF during the second quarter worth approximately $209,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of VanEck Long Muni ETF by 4.9% during the second quarter. Ameriprise Financial Inc. now owns 173,364 shares of the company’s stock worth $2,927,000 after purchasing an additional 8,123 shares during the period.

About VanEck Long Muni ETF

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.