VanEck Low Carbon Energy ETF (NYSEARCA:SMOG) Short Interest Update

VanEck Low Carbon Energy ETF (NYSEARCA:SMOG) was the recipient of a significant 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 daily volume of 3,999 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Elevated Capital Advisors LLC purchased a new position in VanEck Low Carbon Energy ETF in the fourth quarter worth approximately $81,000. Prism Advisors Inc. purchased a new stake in VanEck Low Carbon Energy ETF in the first quarter valued at $202,000. Citadel Advisors LLC acquired a new position in shares of VanEck Low Carbon Energy ETF in the 3rd quarter valued at $222,000. Jones Financial Companies Lllp lifted its stake in shares of VanEck Low Carbon Energy ETF by 216.4% in the 1st 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 last quarter. Finally, Mariner LLC grew its holdings in shares of VanEck Low Carbon Energy ETF by 36.5% during the 4th quarter. Mariner LLC now owns 3,922 shares of the company’s stock worth $508,000 after purchasing an additional 1,048 shares during the period.

VanEck Low Carbon Energy ETF Trading Down 0.8%

SMOG stock traded down $1.13 during trading on Wednesday, reaching $144.97. 256 shares of the stock were exchanged, compared to its average volume of 1,779. The business has a 50 day moving average price of $149.65 and a 200-day moving average price of $141.62. VanEck Low Carbon Energy ETF has a 1 year low of $110.97 and a 1 year high of $157.27. The firm has a market capitalization of $142.07 million, a price-to-earnings ratio of 19.47 and a beta of 1.05.

About VanEck Low Carbon Energy ETF

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.