Short Interest in VanEck Long Muni ETF (BATS:MLN) Increases By 59.4%

VanEck Long Muni ETF (BATS:MLN) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 69,261 shares, an increase of 59.4% from the July 15th total of 43,461 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 157,290 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of VanEck Long Muni ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new stake in shares of VanEck Long Muni ETF in the third quarter valued at approximately $28,681,000. Jane Street Group LLC lifted its position in VanEck Long Muni ETF by 291.0% during the second quarter. Jane Street Group LLC now owns 1,863,224 shares of the company’s stock worth $31,470,000 after buying an additional 1,386,685 shares in the last quarter. Raymond James Financial Inc. lifted its position in VanEck Long Muni ETF by 37.5% during the third quarter. Raymond James Financial Inc. now owns 2,720,172 shares of the company’s stock worth $47,549,000 after buying an additional 742,038 shares in the last quarter. LPL Financial LLC boosted its stake in VanEck Long Muni ETF by 36.2% during the fourth quarter. LPL Financial LLC now owns 1,929,772 shares of the company’s stock worth $33,831,000 after buying an additional 512,405 shares during the last quarter. Finally, Kestra Investment Management LLC boosted its stake in VanEck Long Muni ETF by 28.8% during the fourth quarter. Kestra Investment Management LLC now owns 2,244,274 shares of the company’s stock worth $39,344,000 after buying an additional 502,142 shares during the last quarter.

VanEck Long Muni ETF Stock Performance

Shares of MLN opened at $17.32 on Wednesday. VanEck Long Muni ETF has a 52 week low of $16.72 and a 52 week high of $17.82. The stock’s 50-day moving average price is $17.58 and its 200-day moving average price is $17.57.

About VanEck Long Muni ETF

The VanEck Long Muni ETF (MLN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of investment grade, tax-exempt US municipal bonds with nominal maturities of at least 17 years. MLN was launched on Jan 2, 2008 and is managed by VanEck.