VanEck Energy Income ETF (NYSEARCA:EINC) Short Interest Update

VanEck Energy Income ETF (NYSEARCA:EINC) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 47,111 shares, an increase of 89.9% from the April 15th total of 24,813 shares. Based on an average daily trading volume, of 4,704 shares, the days-to-cover ratio is presently 10.0 days. Approximately 3.9% of the company’s stock are short sold.

VanEck Energy Income ETF Price Performance

NYSEARCA EINC traded up $1.07 during trading on Tuesday, hitting $124.85. The company’s stock had a trading volume of 7,955 shares, compared to its average volume of 8,307. The company has a market cap of $151.07 million, a PE ratio of 19.11 and a beta of 0.60. VanEck Energy Income ETF has a fifty-two week low of $91.21 and a fifty-two week high of $124.85. The business’s 50 day simple moving average is $116.94 and its 200-day simple moving average is $106.01.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EINC. Van ECK Associates Corp grew its holdings in VanEck Energy Income ETF by 32.4% during the fourth quarter. Van ECK Associates Corp now owns 260,268 shares of the company’s stock worth $25,051,000 after acquiring an additional 63,646 shares during the period. Copley Financial Group Inc. acquired a new stake in VanEck Energy Income ETF during the first quarter worth about $5,244,000. Cornerstone Planning Group LLC acquired a new stake in VanEck Energy Income ETF during the first quarter worth about $891,000. Ascent Advisors LLC acquired a new stake in VanEck Energy Income ETF in the first quarter valued at approximately $842,000. Finally, Two Sigma Investments LP acquired a new stake in VanEck Energy Income ETF in the third quarter valued at approximately $694,000.

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.