VanEck Steel ETF (NYSEARCA:SLX) Short Interest Update

VanEck Steel ETF (NYSEARCA:SLX) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 26,943 shares, a decrease of 34.7% from the June 15th total of 41,282 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average daily volume of 54,321 shares, the short-interest ratio is currently 0.5 days.

VanEck Steel ETF Price Performance

NYSEARCA SLX opened at $100.28 on Friday. VanEck Steel ETF has a 1 year low of $66.69 and a 1 year high of $114.00. The stock has a market capitalization of $160.45 million, a PE ratio of 14.09 and a beta of 1.24. The business’s 50-day moving average is $105.01 and its 200 day moving average is $98.50.

Institutional Investors Weigh In On VanEck Steel ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG grew its position in shares of VanEck Steel ETF by 241.1% in the 3rd quarter. UBS Group AG now owns 59,094 shares of the exchange traded fund’s stock worth $4,283,000 after buying an additional 41,768 shares during the last quarter. Raymond James Financial Inc. lifted its stake in VanEck Steel ETF by 3.9% in the third quarter. Raymond James Financial Inc. now owns 96,849 shares of the exchange traded fund’s stock worth $7,020,000 after acquiring an additional 3,655 shares during the period. Bank of America Corp DE lifted its stake in VanEck Steel ETF by 99.2% in the third quarter. Bank of America Corp DE now owns 21,065 shares of the exchange traded fund’s stock worth $1,527,000 after acquiring an additional 10,492 shares during the period. Park Avenue Securities LLC bought a new stake in VanEck Steel ETF in the fourth quarter valued at $340,000. Finally, JBGlobal.com LLC bought a new stake in VanEck Steel ETF in the fourth quarter valued at $289,000.

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. The Index includes companies primarily involved in a variety of activities related to steel production, including the operation of manufacturing mills and fabrication of steel products.