VanEck CEF Muni Income ETF (BATS:XMPT) Sees Large Increase in Short Interest

VanEck CEF Muni Income ETF (BATS:XMPT) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 35,382 shares, a growth of 436.9% from the June 15th total of 6,590 shares. Based on an average daily volume of 54,801 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the company’s stock are sold short.

VanEck CEF Muni Income ETF Stock Performance

VanEck CEF Muni Income ETF stock opened at $22.08 on Monday. VanEck CEF Muni Income ETF has a fifty-two week low of $20.53 and a fifty-two week high of $22.66. The firm’s 50-day simple moving average is $21.91 and its 200 day simple moving average is $21.97.

Hedge Funds Weigh In On VanEck CEF Muni Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in shares of VanEck CEF Muni Income ETF in the third quarter valued at approximately $26,000. Kestra Advisory Services LLC bought a new stake in VanEck CEF Muni Income ETF during the fourth quarter worth $50,000. International Assets Investment Management LLC bought a new stake in VanEck CEF Muni Income ETF during the first quarter worth $54,000. Wells Fargo & Company MN bought a new stake in VanEck CEF Muni Income ETF during the fourth quarter worth $158,000. Finally, Comerica Bank purchased a new position in VanEck CEF Muni Income ETF in the third quarter worth $183,000.

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.