VanEck Energy Income ETF (NYSEARCA:EINC) Short Interest Down 85.2% in August

VanEck Energy Income ETF (NYSEARCA:EINC) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,556 shares, a decrease of 85.2% from the August 15th total of 10,497 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 6,723 shares, the short-interest ratio is presently 0.2 days.

VanEck Energy Income ETF Trading Down 0.4%

Shares of EINC stock traded down $0.43 during trading hours on Friday, reaching $119.90. The company’s stock had a trading volume of 2,521 shares, compared to its average volume of 11,754. The stock has a market capitalization of $82.73 million, a P/E ratio of 19.11 and a beta of 0.59. VanEck Energy Income ETF has a one year low of $91.21 and a one year high of $126.58. The firm’s fifty day simple moving average is $121.10 and its 200 day simple moving average is $118.86.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Tucker Asset Management LLC bought a new stake in shares of VanEck Energy Income ETF during the 4th quarter valued at about $65,000. Cetera Investment Advisers bought a new stake in shares of VanEck Energy Income ETF during the first quarter valued at approximately $229,000. Rockefeller Capital Management L.P. boosted its position in shares of VanEck Energy Income ETF by 13.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,970 shares of the company’s stock valued at $190,000 after purchasing an additional 234 shares in the last quarter. Arax Advisory Partners purchased a new stake in VanEck Energy Income ETF in the fourth quarter worth $244,000. Finally, Apollon Wealth Management LLC grew its stake in VanEck Energy Income ETF by 10.1% in the first quarter. Apollon Wealth Management LLC now owns 2,547 shares of the company’s stock worth $300,000 after purchasing an additional 233 shares during the period.

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.