Short Interest in VanEck Environmental Services ETF (NYSEARCA:EVX) Expands By 181.0%

VanEck Environmental Services ETF (NYSEARCA:EVX) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 6,817 shares, an increase of 181.0% from the June 15th total of 2,426 shares. Based on an average trading volume of 12,425 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On VanEck Environmental Services ETF

Large investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC bought a new position in shares of VanEck Environmental Services ETF during the 4th quarter valued at approximately $26,000. Sound Income Strategies LLC purchased a new position in VanEck Environmental Services ETF during the fourth quarter worth $34,000. Brown Brothers Harriman & Co. purchased a new position in VanEck Environmental Services ETF during the fourth quarter worth $44,000. Geneos Wealth Management Inc. increased its position 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 valued at $51,000 after acquiring an additional 1,152 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of VanEck Environmental Services ETF by 89.5% in the second quarter. Osaic Holdings Inc. now owns 4,550 shares of the company’s stock valued at $174,000 after acquiring an additional 2,149 shares during the period.

VanEck Environmental Services ETF Stock Down 0.4%

EVX traded down $0.16 on Monday, hitting $41.34. The company had a trading volume of 3,803 shares, compared to its average volume of 8,368. The business’s fifty day simple moving average is $39.88 and its 200 day simple moving average is $40.00. VanEck Environmental Services ETF has a 12-month low of $36.44 and a 12-month high of $42.44. The company has a market cap of $101.28 million, a PE ratio of 32.83 and a beta of 0.90.

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.