VanEck Environmental Services ETF (NYSEARCA:EVX) Sees Large Decline in Short Interest

VanEck Environmental Services ETF (NYSEARCA:EVX) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,018 shares, a decline of 87.2% from the May 14th total of 15,710 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 4,985 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of VanEck Environmental Services ETF

Institutional investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC purchased a new stake in shares of VanEck Environmental Services ETF during the 4th quarter valued at approximately $26,000. Sound Income Strategies LLC purchased a new stake in VanEck Environmental Services ETF in the fourth quarter valued at approximately $34,000. Brown Brothers Harriman & Co. purchased a new stake in VanEck Environmental Services ETF in the fourth quarter valued at approximately $44,000. Geneos Wealth Management Inc. raised its position in VanEck Environmental Services ETF by 400.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,440 shares of the company’s stock valued at $51,000 after purchasing an additional 1,152 shares during the period. Finally, Osaic Holdings Inc. raised its position in VanEck Environmental Services ETF by 89.5% in the second quarter. Osaic Holdings Inc. now owns 4,550 shares of the company’s stock valued at $174,000 after purchasing an additional 2,149 shares during the period.

VanEck Environmental Services ETF Price Performance

Shares of EVX stock traded down $0.58 during trading on Wednesday, hitting $38.87. 3,500 shares of the stock traded hands, compared to its average volume of 8,288. The firm has a market capitalization of $94.45 million, a P/E ratio of 32.83 and a beta of 0.91. The firm’s fifty day moving average price is $39.51 and its 200-day moving average price is $39.66. VanEck Environmental Services ETF has a 52-week low of $36.44 and a 52-week high of $42.44.

VanEck Environmental Services ETF Company Profile

Market Vectors Environmental Services ETF (the Fund) seeks to replicate the price and yield performance of the NYSE Arca Environmental Services Index (the Index). The Index is a modified equal dollar-weighted index consisting of publicly traded companies that are involved in the management, removal and storage of consumer waste and industrial by-products and related environmental services. The Fund is passively managed and may not hold each Index component in the same weighting as the Index. The Fund thus may not exactly replicate the performance of the Index.