VanEck Steel ETF (NYSEARCA:SLX) Short Interest Update

VanEck Steel ETF (NYSEARCA:SLX) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 27,600 shares, a decrease of 33.7% from the September 30th total of 41,600 shares. Based on an average daily trading volume, of 26,200 shares, the short-interest ratio is presently 1.1 days. Approximately 1.9% of the shares of the company are short sold. Approximately 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 26,200 shares, the short-interest ratio is presently 1.1 days.

VanEck Steel ETF Stock Down 2.8%

NYSEARCA SLX traded down $2.23 on Tuesday, hitting $76.71. The stock had a trading volume of 127,207 shares, compared to its average volume of 20,211. VanEck Steel ETF has a one year low of $51.69 and a one year high of $81.22. The stock has a market cap of $116.60 million, a price-to-earnings ratio of 14.09 and a beta of 1.33. The company’s 50-day moving average is $73.73 and its two-hundred day moving average is $68.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SLX. WT Wealth Management bought a new position in VanEck Steel ETF in the 2nd quarter worth about $722,000. LPL Financial LLC grew its position in VanEck Steel ETF by 44.6% in the 1st quarter. LPL Financial LLC now owns 21,673 shares of the exchange traded fund’s stock worth $1,333,000 after purchasing an additional 6,681 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in VanEck Steel ETF in the 3rd quarter worth about $429,000. Griffin Asset Management Inc. bought a new position in VanEck Steel ETF in the 3rd quarter worth about $263,000. Finally, Ball & Co Wealth Management Inc. bought a new position in VanEck Steel ETF in the 3rd quarter worth about $69,000.

VanEck Steel ETF Company Profile

Market Vectors Steel ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the NYSE Arca Steel Index (STEEL or the Index) by investing in a portfolio of securities that generally replicates STEEL. STEEL, calculated by the NYSE Alternext, is a modified market capitalization-weighted index consisting of publicly traded companies predominantly involved in the production of steel products or mining and processing of iron ore.