VanEck Energy Income ETF (NYSEARCA:EINC) Sees Significant Growth in Short Interest

VanEck Energy Income ETF (NYSEARCA:EINC) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 21,054 shares, an increase of 877.4% from the June 30th total of 2,154 shares. Approximately 3.5% of the shares of the stock are short sold. Based on an average trading volume of 35,304 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Royal Bank of Canada acquired a new stake in shares of VanEck Energy Income ETF during the first quarter worth $328,000. Cetera Investment Advisers raised its position in shares of VanEck Energy Income ETF by 16.0% during the second quarter. Cetera Investment Advisers now owns 2,492 shares of the company’s stock worth $246,000 after purchasing an additional 344 shares during the period. Two Sigma Investments LP acquired a new position in shares of VanEck Energy Income ETF in the 3rd quarter valued at approximately $694,000. Raymond James Financial Inc. increased its holdings in VanEck Energy Income ETF by 119.6% during the 3rd quarter. Raymond James Financial Inc. now owns 7,897 shares of the company’s stock worth $783,000 after purchasing an additional 4,301 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of VanEck Energy Income ETF during the third quarter worth about $463,000.

VanEck Energy Income ETF Price Performance

EINC stock opened at $124.93 on Friday. The company has a 50 day moving average price of $120.58 and a 200 day moving average price of $114.43. The stock has a market capitalization of $76.21 million, a PE ratio of 19.11 and a beta of 0.58. VanEck Energy Income ETF has a fifty-two week low of $91.21 and a fifty-two week high of $126.58.

VanEck Energy Income ETF Company Profile

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.