Short Interest in VanEck Energy Income ETF (NYSEARCA:EINC) Declines By 40.8%

VanEck Energy Income ETF (NYSEARCA:EINC) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 27,913 shares, a decrease of 40.8% from the April 30th total of 47,111 shares. Based on an average daily volume of 4,725 shares, the days-to-cover ratio is currently 5.9 days. Currently, 2.3% of the shares of the company are short sold.

VanEck Energy Income ETF Trading Up 1.2%

EINC stock traded up $1.42 on Thursday, hitting $120.06. The company’s stock had a trading volume of 22,350 shares, compared to its average volume of 8,623. The firm has a 50 day moving average of $118.19 and a two-hundred day moving average of $108.38. VanEck Energy Income ETF has a 1 year low of $91.21 and a 1 year high of $125.71. The stock has a market cap of $145.27 million, a price-to-earnings ratio of 19.11 and a beta of 0.60.

Hedge Funds Weigh In On VanEck Energy Income ETF

Several institutional investors have recently bought and sold shares of EINC. Tucker Asset Management LLC acquired a new position in VanEck Energy Income ETF in the 4th quarter valued at $65,000. Rockefeller Capital Management L.P. increased its stake in VanEck Energy Income ETF by 13.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,970 shares of the company’s stock valued at $190,000 after buying an additional 234 shares during the period. Cetera Investment Advisers acquired a new position in VanEck Energy Income ETF in the 1st quarter valued at $229,000. Arax Advisory Partners acquired a new position in VanEck Energy Income ETF in the 4th quarter valued at $244,000. Finally, Laird Norton Wetherby Wealth Management LLC acquired a new position in VanEck Energy Income ETF in the 3rd quarter valued at $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.