VanEck CEF Muni Income ETF (BATS:XMPT) Short Interest Down 35.8% in May

VanEck CEF Muni Income ETF (BATS:XMPT) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 11,633 shares, a decrease of 35.8% from the May 14th total of 18,110 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 44,110 shares, the days-to-cover ratio is currently 0.3 days.

VanEck CEF Muni Income ETF Stock Performance

Shares of XMPT opened at $21.99 on Tuesday. The stock has a fifty day moving average price of $21.79 and a 200 day moving average price of $21.93. VanEck CEF Muni Income ETF has a 12 month low of $20.53 and a 12 month high of $22.66.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in XMPT. UBS Group AG grew its stake in VanEck CEF Muni Income ETF by 11.6% during the 3rd quarter. UBS Group AG now owns 1,298,313 shares of the company’s stock worth $28,420,000 after buying an additional 134,936 shares during the last quarter. Sykon Capital LLC acquired a new position in VanEck CEF Muni Income ETF during the 4th quarter worth $2,064,000. Total Clarity Wealth Management Inc. acquired a new position in VanEck CEF Muni Income ETF during the 4th quarter worth $2,061,000. Bank of America Corp DE boosted its position in VanEck CEF Muni Income ETF by 16.5% during the 2nd quarter. Bank of America Corp DE now owns 427,255 shares of the company’s stock worth $8,968,000 after acquiring an additional 60,428 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in VanEck CEF Muni Income ETF by 19.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 349,272 shares of the company’s stock worth $7,646,000 after acquiring an additional 56,189 shares during the period.

VanEck CEF Muni Income ETF Company Profile

The VanEck CEF Municipal Income ETF (XMPT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a fund-of-funds that tracks an index that provides exposure to US-listed muni-bond closed-end funds. XMPT was launched on Jul 12, 2011 and is managed by VanEck.