VanEck Long Muni ETF (BATS:MLN) Stock Short Interest Rises 78.6%

VanEck Long Muni ETF (BATS:MLN) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 198,058 shares, an increase of 78.6% from the September 15th total of 110,914 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 884,388 shares, the short-interest ratio is presently 0.2 days.

VanEck Long Muni ETF Price Performance

BATS MLN opened at $16.36 on Thursday. The stock’s fifty day moving average price is $16.86 and its 200 day moving average price is $17.32. VanEck Long Muni ETF has a 1 year low of $16.04 and a 1 year high of $17.82.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of VanEck Long Muni ETF by 26.0% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 161,207 shares of the company’s stock valued at $2,632,000 after purchasing an additional 33,292 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in VanEck Long Muni ETF in the 3rd quarter valued at about $15,835,000. B. Riley Wealth Advisors Inc. acquired a new stake in VanEck Long Muni ETF in the 3rd quarter worth about $231,000. Farther Finance Advisors LLC increased its stake in VanEck Long Muni ETF by 104.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,320 shares of the company’s stock worth $103,000 after buying an additional 3,233 shares in the last quarter. Finally, Eastern Bank purchased a new stake in VanEck Long Muni ETF during the 3rd quarter worth approximately $25,000.

VanEck Long Muni ETF Company Profile

The VanEck Long Muni ETF (MLN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of investment grade, tax-exempt US municipal bonds with nominal maturities of at least 17 years. MLN was launched on Jan 2, 2008 and is managed by VanEck.