VanEck CEF Muni Income ETF (BATS:XMPT) Short Interest Down 35.8% in May

VanEck CEF Muni Income ETF (BATS:XMPT) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 11,633 shares, a drop of 35.8% from the May 14th total of 18,110 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 44,110 shares, the days-to-cover ratio is currently 0.3 days.

VanEck CEF Muni Income ETF Stock Up 0.2%

XMPT opened at $21.99 on Tuesday. The stock’s 50 day moving average price is $21.79 and its two-hundred day moving average price is $21.93. VanEck CEF Muni Income ETF has a 12-month low of $20.53 and a 12-month high of $22.66.

Institutional Trading of VanEck CEF Muni Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XMPT. Total Clarity Wealth Management Inc. acquired a new stake in shares of VanEck CEF Muni Income ETF during the 4th quarter worth approximately $2,061,000. Envestnet Asset Management Inc. boosted its stake in VanEck CEF Muni Income ETF by 19.2% during the third quarter. Envestnet Asset Management Inc. now owns 349,272 shares of the company’s stock worth $7,646,000 after buying an additional 56,189 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in VanEck CEF Muni Income ETF during the third quarter worth $111,000. Fidelity D & D Bancorp Inc. boosted its stake in VanEck CEF Muni Income ETF by 6.8% during the first quarter. Fidelity D & D Bancorp Inc. now owns 91,222 shares of the company’s stock worth $1,961,000 after buying an additional 5,779 shares in the last quarter. Finally, Kingdom Financial Group LLC. acquired a new stake in VanEck CEF Muni Income ETF during the fourth quarter worth $307,000.

VanEck CEF Muni Income ETF Company Profile

The VanEck CEF Municipal Income ETF (XMPT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a fund-of-funds that tracks an index that provides exposure to US-listed muni-bond closed-end funds. XMPT was launched on Jul 12, 2011 and is managed by VanEck.