VanEck CEF Muni Income ETF (BATS:XMPT – Get Free Report) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 6,590 shares, a drop of 43.4% from the May 31st total of 11,633 shares. Based on an average trading volume of 33,798 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.
VanEck CEF Muni Income ETF Stock Down 0.0%
BATS XMPT opened at $22.34 on Wednesday. The stock has a 50-day moving average of $21.86 and a two-hundred day moving average of $21.95. VanEck CEF Muni Income ETF has a 1-year low of $20.53 and a 1-year high of $22.66.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in VanEck CEF Muni Income ETF by 0.6% during the 4th quarter. Royal Bank of Canada now owns 146,701 shares of the company’s stock worth $3,210,000 after purchasing an additional 946 shares during the period. WealthShield Partners LLC boosted its stake in shares of VanEck CEF Muni Income ETF by 14.4% in the 4th quarter. WealthShield Partners LLC now owns 9,115 shares of the company’s stock valued at $199,000 after buying an additional 1,145 shares during the period. Advisory Services Network LLC purchased a new position in shares of VanEck CEF Muni Income ETF in the 3rd quarter valued at about $26,000. Bank of America Corp DE grew its position in shares of VanEck CEF Muni Income ETF by 0.3% during the first quarter. Bank of America Corp DE now owns 489,769 shares of the company’s stock worth $10,530,000 after buying an additional 1,258 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of VanEck CEF Muni Income ETF by 3.0% during the fourth quarter. Park Avenue Securities LLC now owns 58,250 shares of the company’s stock worth $1,275,000 after buying an additional 1,684 shares in the last quarter.
About VanEck CEF Muni Income ETF
The VanEck CEF Municipal Income ETF (XMPT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a fund-of-funds that tracks an index that provides exposure to US-listed muni-bond closed-end funds. XMPT was launched on Jul 12, 2011 and is managed by VanEck.
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