Short Interest in VanEck Energy Income ETF (NYSEARCA:EINC) Declines By 85.2%

VanEck Energy Income ETF (NYSEARCA:EINC) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,556 shares, a decline of 85.2% from the August 15th total of 10,497 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 6,723 shares, the short-interest ratio is currently 0.2 days.

VanEck Energy Income ETF Stock Down 0.4%

Shares of NYSEARCA EINC traded down $0.43 during midday trading on Friday, reaching $119.90. The company had a trading volume of 2,521 shares, compared to its average volume of 11,754. The stock has a market cap of $82.73 million, a PE ratio of 19.11 and a beta of 0.59. VanEck Energy Income ETF has a one year low of $91.21 and a one year high of $126.58. The firm’s fifty day moving average price is $121.10 and its 200-day moving average price is $118.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EINC. Tucker Asset Management LLC increased its stake in shares of VanEck Energy Income ETF by 123.9% in the second quarter. Tucker Asset Management LLC now owns 4,061 shares of the company’s stock worth $484,000 after buying an additional 2,247 shares during the period. Compass Financial Management LLC bought a new stake in VanEck Energy Income ETF in the 2nd quarter worth $329,000. Copley Financial Group Inc. increased its position in shares of VanEck Energy Income ETF by 15.6% in the second quarter. Copley Financial Group Inc. now owns 51,459 shares of the company’s stock valued at $6,134,000 after acquiring an additional 6,950 shares during the period. Cetera Investment Advisers purchased a new position in shares of VanEck Energy Income ETF in the first quarter valued at about $229,000. Finally, Cornerstone Planning Group LLC bought a new position in shares of VanEck Energy Income ETF during the first quarter valued at about $891,000.

VanEck Energy Income ETF Company Profile

The VanEck Energy Income ETF (EINC) is an exchange-traded fund that mostly invests in energy equity. The fund tracks a market cap-weighted index of North American companies in midstream energy segments. EINC was launched on Mar 13, 2012 and is managed by VanEck.