VanEck Long Muni ETF (BATS:MLN) Sees Significant Growth in Short Interest

VanEck Long Muni ETF (BATS:MLN) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 150,311 shares, an increase of 117.0% from the July 30th total of 69,261 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 163,603 shares, the days-to-cover ratio is presently 0.9 days.

VanEck Long Muni ETF Stock Performance

Shares of BATS MLN opened at $17.30 on Friday. The stock’s fifty day moving average is $17.53 and its 200 day moving average is $17.56. VanEck Long Muni ETF has a 52 week low of $16.72 and a 52 week high of $17.82.

Institutional Trading of VanEck Long Muni ETF

A number of institutional investors and hedge funds have recently made changes to their positions in MLN. NewEdge Advisors LLC raised its position in VanEck Long Muni ETF by 71.3% during the first quarter. NewEdge Advisors LLC now owns 37,044 shares of the company’s stock valued at $644,000 after purchasing an additional 15,423 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of VanEck Long Muni ETF by 1,373.6% in the 1st quarter. Jane Street Group LLC now owns 476,539 shares of the company’s stock valued at $8,287,000 after purchasing an additional 444,200 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of VanEck Long Muni ETF by 2,657.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 415,844 shares of the company’s stock valued at $7,024,000 after purchasing an additional 400,763 shares in the last quarter. Diversify Advisory Services LLC bought a new position in shares of VanEck Long Muni ETF in the 2nd quarter valued at $209,000. Finally, Ameriprise Financial Inc. increased its stake in shares of VanEck Long Muni ETF by 4.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 173,364 shares of the company’s stock valued at $2,927,000 after purchasing an additional 8,123 shares during the last quarter.

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.