VanEck Long Muni ETF (BATS:MLN) Short Interest Down 47.0% in May

VanEck Long Muni ETF (BATS:MLN) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 22,225 shares, a drop of 47.0% from the May 14th total of 41,923 shares. Based on an average trading volume of 393,646 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC grew its stake in shares of VanEck Long Muni ETF by 71.3% in the first quarter. NewEdge Advisors LLC now owns 37,044 shares of the company’s stock valued at $644,000 after buying an additional 15,423 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of VanEck Long Muni ETF by 1,373.6% during the 1st quarter. Jane Street Group LLC now owns 476,539 shares of the company’s stock valued at $8,287,000 after buying an additional 444,200 shares during the period. JPMorgan Chase & Co. lifted its position in VanEck Long Muni ETF by 2,657.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 415,844 shares of the company’s stock worth $7,024,000 after acquiring an additional 400,763 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in VanEck Long Muni ETF during the 2nd quarter worth approximately $209,000. Finally, Ameriprise Financial Inc. boosted its holdings in VanEck Long Muni ETF by 4.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 173,364 shares of the company’s stock worth $2,927,000 after acquiring an additional 8,123 shares during the period.

VanEck Long Muni ETF Stock Performance

Shares of BATS:MLN traded down $0.02 during midday trading on Friday, hitting $17.62. 262,342 shares of the company’s stock traded hands, compared to its average volume of 279,849. The firm’s fifty day moving average price is $17.57 and its two-hundred day moving average price is $17.56. VanEck Long Muni ETF has a twelve month low of $16.50 and a twelve month high of $17.82.

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.