VanEck Long Muni ETF (BATS:MLN) Short Interest Down 61.2% in April

VanEck Long Muni ETF (BATS:MLN) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 50,649 shares, a decrease of 61.2% from the April 15th total of 130,554 shares. Based on an average trading volume of 229,026 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of VanEck Long Muni ETF

Several institutional investors and hedge funds have recently made changes to their positions in MLN. Wellington Management Group LLP purchased a new stake in shares of VanEck Long Muni ETF in the third quarter valued at $28,681,000. Jane Street Group LLC lifted its position in shares of VanEck Long Muni ETF by 291.0% in the second quarter. Jane Street Group LLC now owns 1,863,224 shares of the company’s stock valued at $31,470,000 after acquiring an additional 1,386,685 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of VanEck Long Muni ETF by 41.8% in the third quarter. Envestnet Asset Management Inc. now owns 4,253,697 shares of the company’s stock valued at $74,355,000 after acquiring an additional 1,254,711 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of VanEck Long Muni ETF by 37.5% in the third quarter. Raymond James Financial Inc. now owns 2,720,172 shares of the company’s stock valued at $47,549,000 after acquiring an additional 742,038 shares in the last quarter. Finally, LPL Financial LLC increased its stake in VanEck Long Muni ETF by 36.2% in the fourth quarter. LPL Financial LLC now owns 1,929,772 shares of the company’s stock valued at $33,831,000 after purchasing an additional 512,405 shares during the last quarter.

VanEck Long Muni ETF Stock Performance

Shares of BATS:MLN opened at $17.55 on Thursday. VanEck Long Muni ETF has a 52-week low of $16.50 and a 52-week high of $17.82. The stock’s fifty day simple moving average is $17.56 and its 200-day simple moving average is $17.58.

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.