VanEck Energy Income ETF (NYSEARCA:EINC) Short Interest Update

VanEck Energy Income ETF (NYSEARCA:EINC) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 21,054 shares, an increase of 877.4% from the June 30th total of 2,154 shares. Currently, 3.5% of the company’s shares are sold short. Based on an average daily trading volume, of 35,304 shares, the short-interest ratio is currently 0.6 days.

VanEck Energy Income ETF Price Performance

EINC stock traded down $0.35 during mid-day trading on Friday, reaching $124.93. The company had a trading volume of 13,808 shares, compared to its average volume of 13,100. The company has a market capitalization of $76.21 million, a PE ratio of 19.11 and a beta of 0.58. The firm has a 50 day moving average of $120.58 and a 200 day moving average of $114.43. VanEck Energy Income ETF has a 12 month low of $91.21 and a 12 month high of $126.58.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EINC. Van ECK Associates Corp raised its position in VanEck Energy Income ETF by 32.4% during the 4th quarter. Van ECK Associates Corp now owns 260,268 shares of the company’s stock valued at $25,051,000 after purchasing an additional 63,646 shares in the last quarter. LPL Financial LLC increased its stake in shares of VanEck Energy Income ETF by 9.7% during the fourth quarter. LPL Financial LLC now owns 65,130 shares of the company’s stock valued at $6,269,000 after buying an additional 5,758 shares during the period. Copley Financial Group Inc. bought a new stake in shares of VanEck Energy Income ETF in the first quarter valued at about $5,244,000. OLD Mission Capital LLC lifted its stake in VanEck Energy Income ETF by 36.9% in the fourth quarter. OLD Mission Capital LLC now owns 20,091 shares of the company’s stock worth $1,934,000 after acquiring an additional 5,410 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in VanEck Energy Income ETF by 119.6% during the 3rd quarter. Raymond James Financial Inc. now owns 7,897 shares of the company’s stock worth $783,000 after acquiring an additional 4,301 shares in the last quarter.

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.