VanEck Low Carbon Energy ETF (NYSEARCA:SMOG) Sees Significant Growth in Short Interest

VanEck Low Carbon Energy ETF (NYSEARCA:SMOG) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 973 shares, a growth of 89.7% from the May 31st total of 513 shares. Based on an average trading volume of 3,999 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

VanEck Low Carbon Energy ETF Price Performance

Shares of VanEck Low Carbon Energy ETF stock remained flat at $143.17 on Friday. 752 shares of the company’s stock traded hands, compared to its average volume of 1,775. The firm has a 50 day moving average price of $149.42 and a 200-day moving average price of $141.77. The company has a market cap of $140.31 million, a PE ratio of 19.47 and a beta of 1.05. VanEck Low Carbon Energy ETF has a 52 week low of $110.97 and a 52 week high of $157.27.

Hedge Funds Weigh In On VanEck Low Carbon Energy ETF

Several hedge funds have recently added to or reduced their stakes in SMOG. Wells Fargo & Company MN increased its stake in shares of VanEck Low Carbon Energy ETF by 29.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,573 shares of the company’s stock valued at $722,000 after acquiring an additional 1,253 shares during the last quarter. Elevated Capital Advisors LLC bought a new position in VanEck Low Carbon Energy ETF during the 4th quarter worth approximately $81,000. Citadel Advisors LLC acquired a new position in VanEck Low Carbon Energy ETF during the third quarter valued at approximately $222,000. Jones Financial Companies Lllp grew its holdings in VanEck Low Carbon Energy ETF by 216.4% during the first quarter. Jones Financial Companies Lllp now owns 2,835 shares of the company’s stock valued at $287,000 after purchasing an additional 1,939 shares during the period. Finally, Mariner LLC increased its stake in VanEck Low Carbon Energy ETF by 36.5% in the fourth quarter. Mariner LLC now owns 3,922 shares of the company’s stock valued at $508,000 after purchasing an additional 1,048 shares in the last quarter.

VanEck Low Carbon Energy ETF Company Profile

The VanEck Low Carbon Energy ETF (SMOG) is an exchange-traded fund that is based on the MVIS Global Low Carbon Energy index, a market-cap-weighted index of companies that focuses specifically on renewable energy SMOG was launched on May 3, 2007 and is managed by VanEck.