VanEck CEF Muni Income ETF (BATS:XMPT) Short Interest Up 436.9% in June

VanEck CEF Muni Income ETF (BATS:XMPT) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 35,382 shares, a growth of 436.9% from the June 15th total of 6,590 shares. Based on an average daily volume of 54,801 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of XMPT. Wealthcare Advisory Partners LLC increased its position in VanEck CEF Muni Income ETF by 9.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 16,139 shares of the company’s stock worth $361,000 after buying an additional 1,436 shares during the period. Bank of America Corp DE lifted its stake in shares of VanEck CEF Muni Income ETF by 0.3% during the first quarter. Bank of America Corp DE now owns 489,769 shares of the company’s stock valued at $10,530,000 after acquiring an additional 1,258 shares during the period. Royal Bank of Canada boosted its holdings in VanEck CEF Muni Income ETF by 3.1% in the first quarter. Royal Bank of Canada now owns 151,209 shares of the company’s stock valued at $3,251,000 after acquiring an additional 4,508 shares during the last quarter. Assetmark Inc. bought a new stake in VanEck CEF Muni Income ETF during the 1st quarter worth about $189,000. Finally, International Assets Investment Management LLC bought a new stake in VanEck CEF Muni Income ETF during the 1st quarter worth about $54,000.

VanEck CEF Muni Income ETF Price Performance

VanEck CEF Muni Income ETF stock opened at $22.08 on Friday. VanEck CEF Muni Income ETF has a fifty-two week low of $20.53 and a fifty-two week high of $22.66. The stock’s fifty day moving average is $21.91 and its two-hundred day moving average is $21.97.

About VanEck CEF Muni Income ETF

The VanEck CEF Municipal Income ETF (XMPT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a fund-of-funds that tracks an index that provides exposure to US-listed muni-bond closed-end funds. XMPT was launched on Jul 12, 2011 and is managed by VanEck.