VanEck Long Muni ETF (BATS:MLN) Short Interest Update

VanEck Long Muni ETF (BATS:MLN) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 69,261 shares, an increase of 59.4% from the July 15th total of 43,461 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 157,290 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of VanEck Long Muni ETF

Large investors have recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. grew its position in shares of VanEck Long Muni ETF by 4.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 586,281 shares of the company’s stock valued at $10,424,000 after acquiring an additional 23,586 shares during the period. Western Wealth Management LLC bought a new stake in shares of VanEck Long Muni ETF in the 1st quarter valued at about $31,000. Bank of America Corp DE raised its holdings in shares of VanEck Long Muni ETF by 7.6% in the 1st quarter. Bank of America Corp DE now owns 3,326,592 shares of the company’s stock valued at $58,016,000 after purchasing an additional 234,656 shares during the period. Glen Eagle Advisors LLC bought a new stake in shares of VanEck Long Muni ETF in the 1st quarter valued at about $91,000. Finally, Quantinno Capital Management LP acquired a new stake in VanEck Long Muni ETF in the 1st quarter valued at about $350,000.

VanEck Long Muni ETF Price Performance

BATS:MLN opened at $17.41 on Thursday. VanEck Long Muni ETF has a 1-year low of $16.72 and a 1-year high of $17.82. The firm has a fifty day simple moving average of $17.58 and a 200 day simple moving average of $17.57.

About VanEck Long Muni ETF

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.