VanEck Environmental Services ETF (NYSEARCA:EVX) Sees Large Decline in Short Interest

VanEck Environmental Services ETF (NYSEARCA:EVX) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 2,018 shares, a decline of 87.2% from the May 14th total of 15,710 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 4,985 shares, the short-interest ratio is presently 0.4 days.

VanEck Environmental Services ETF Stock Performance

NYSEARCA EVX traded down $0.58 during trading hours on Wednesday, hitting $38.87. The company had a trading volume of 3,500 shares, compared to its average volume of 8,288. The business has a 50 day moving average of $39.51 and a 200-day moving average of $39.66. VanEck Environmental Services ETF has a 1-year low of $36.44 and a 1-year high of $42.44. The company has a market cap of $94.45 million, a PE ratio of 32.83 and a beta of 0.91.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC acquired a new stake in shares of VanEck Environmental Services ETF in the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC purchased a new position in VanEck Environmental Services ETF during the fourth quarter worth approximately $34,000. Brown Brothers Harriman & Co. purchased a new position in VanEck Environmental Services ETF during the fourth quarter worth approximately $44,000. Geneos Wealth Management Inc. raised its stake in VanEck Environmental Services ETF by 400.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,440 shares of the company’s stock worth $51,000 after purchasing an additional 1,152 shares during the period. Finally, Osaic Holdings Inc. raised its stake in VanEck Environmental Services ETF by 89.5% during the second quarter. Osaic Holdings Inc. now owns 4,550 shares of the company’s stock worth $174,000 after purchasing an additional 2,149 shares during the period.

About VanEck Environmental Services ETF

Market Vectors Environmental Services ETF (the Fund) seeks to replicate the price and yield performance of the NYSE Arca Environmental Services Index (the Index). The Index is a modified equal dollar-weighted index consisting of publicly traded companies that are involved in the management, removal and storage of consumer waste and industrial by-products and related environmental services. The Fund is passively managed and may not hold each Index component in the same weighting as the Index. The Fund thus may not exactly replicate the performance of the Index.