VanEck Long Muni ETF (BATS:MLN – Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 198,058 shares, a growth of 78.6% from the September 15th total of 110,914 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 884,388 shares, the days-to-cover ratio is currently 0.2 days.
VanEck Long Muni ETF Trading Down 0.3%
MLN stock opened at $16.36 on Thursday. The business’s fifty day simple moving average is $16.86 and its two-hundred day simple moving average is $17.32. VanEck Long Muni ETF has a twelve month low of $16.04 and a twelve month high of $17.82.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in shares of VanEck Long Muni ETF by 26.0% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 161,207 shares of the company’s stock valued at $2,632,000 after purchasing an additional 33,292 shares during the period. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in VanEck Long Muni ETF during the 3rd quarter valued at about $15,835,000. B. Riley Wealth Advisors Inc. bought a new position in VanEck Long Muni ETF in the third quarter worth approximately $231,000. Farther Finance Advisors LLC raised its position in shares of VanEck Long Muni ETF by 104.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,320 shares of the company’s stock worth $103,000 after acquiring an additional 3,233 shares in the last quarter. Finally, Eastern Bank bought a new position in VanEck Long Muni ETF in the third quarter worth about $25,000.
VanEck Long Muni ETF Company Profile
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.
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