VanEck Energy Income ETF (NYSEARCA:EINC – Get Free Report) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 27,913 shares, a decrease of 40.8% from the April 30th total of 47,111 shares. Based on an average daily trading volume, of 4,725 shares, the days-to-cover ratio is presently 5.9 days. Currently, 2.3% of the company’s shares are short sold.
VanEck Energy Income ETF Price Performance
VanEck Energy Income ETF stock opened at $117.38 on Tuesday. The business has a 50 day moving average of $118.14 and a 200-day moving average of $108.05. VanEck Energy Income ETF has a 1 year low of $91.21 and a 1 year high of $125.71. The company has a market capitalization of $142.03 million, a P/E ratio of 19.11 and a beta of 0.60.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in EINC. Van ECK Associates Corp raised its holdings 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 worth $25,051,000 after purchasing an additional 63,646 shares during the last quarter. Copley Financial Group Inc. bought a new position in VanEck Energy Income ETF during the 1st quarter worth approximately $5,244,000. Cornerstone Planning Group LLC bought a new position in VanEck Energy Income ETF during the 1st quarter worth approximately $891,000. Ascent Advisors LLC bought a new position in VanEck Energy Income ETF during the 1st quarter worth approximately $842,000. Finally, Two Sigma Investments LP bought a new position in VanEck Energy Income ETF during the 3rd quarter worth approximately $694,000.
VanEck Energy Income ETF Company Profile
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.
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