VanEck Low Carbon Energy ETF (NYSEARCA:SMOG) Sees Large Growth in Short Interest

VanEck Low Carbon Energy ETF (NYSEARCA:SMOG) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 432 shares, an increase of 40.3% from the February 12th total of 308 shares. Based on an average trading volume of 917 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 917 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On VanEck Low Carbon Energy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SMOG. Westfuller Advisors LLC acquired a new stake in VanEck Low Carbon Energy ETF in the third quarter worth about $27,000. Elevated Capital Advisors LLC acquired a new position in VanEck Low Carbon Energy ETF during the 4th quarter valued at about $81,000. Atlantic Union Bankshares Corp acquired a new position in VanEck Low Carbon Energy ETF during the 3rd quarter valued at about $108,000. AE Wealth Management LLC raised its position in shares of VanEck Low Carbon Energy ETF by 140.3% during the 3rd quarter. AE Wealth Management LLC now owns 865 shares of the company’s stock worth $110,000 after buying an additional 505 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of VanEck Low Carbon Energy ETF in the 3rd quarter worth approximately $222,000.

VanEck Low Carbon Energy ETF Stock Down 0.3%

VanEck Low Carbon Energy ETF stock traded down $0.41 during mid-day trading on Friday, hitting $135.68. 909 shares of the company’s stock traded hands, compared to its average volume of 1,102. VanEck Low Carbon Energy ETF has a one year low of $88.51 and a one year high of $144.91. The firm has a 50 day moving average price of $137.88 and a 200 day moving average price of $132.27. The company has a market cap of $132.97 million, a PE ratio of 19.47 and a beta of 1.13.

About VanEck Low Carbon Energy ETF

The VanEck Low Carbon Energy ETF (SMOG) is an exchange-traded fund that is based on the MVIS Global Low Carbon Energy index, a market-cap-weighted index of companies that focuses specifically on renewable energy SMOG was launched on May 3, 2007 and is managed by VanEck.