VanEck Low Carbon Energy ETF (NYSEARCA:SMOG) Sees Large Growth in Short Interest

VanEck Low Carbon Energy ETF (NYSEARCA:SMOG) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 973 shares, an increase of 89.7% from the May 31st total of 513 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 3,999 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of VanEck Low Carbon Energy ETF

A number of hedge funds have recently added to or reduced their stakes in SMOG. Jane Street Group LLC increased its holdings in VanEck Low Carbon Energy ETF by 79.9% in the fourth quarter. Jane Street Group LLC now owns 15,108 shares of the company’s stock valued at $1,958,000 after buying an additional 6,711 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of VanEck Low Carbon Energy ETF by 216.4% during the 1st quarter. Jones Financial Companies Lllp now owns 2,835 shares of the company’s stock valued at $287,000 after acquiring an additional 1,939 shares during the period. Citadel Advisors LLC purchased a new position in shares of VanEck Low Carbon Energy ETF in the 3rd quarter valued at about $222,000. Prism Advisors Inc. acquired a new position in VanEck Low Carbon Energy ETF in the 1st quarter worth about $202,000. Finally, Wells Fargo & Company MN raised its holdings in VanEck Low Carbon Energy ETF by 29.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,573 shares of the company’s stock worth $722,000 after purchasing an additional 1,253 shares during the period.

VanEck Low Carbon Energy ETF Price Performance

SMOG stock traded down $1.13 during trading on Wednesday, hitting $144.97. 256 shares of the company traded hands, compared to its average volume of 1,779. VanEck Low Carbon Energy ETF has a 1 year low of $110.97 and a 1 year high of $157.27. The stock’s 50-day simple moving average is $149.65 and its 200 day simple moving average is $141.62. The company has a market cap of $142.07 million, a PE ratio of 19.47 and a beta of 1.05.

About VanEck Low Carbon Energy ETF

The VanEck Low Carbon Energy ETF (SMOG) is an exchange-traded fund that is based on the MVIS Global Low Carbon Energy index, a market-cap-weighted index of companies that focuses specifically on renewable energy SMOG was launched on May 3, 2007 and is managed by VanEck.