VanEck CEF Muni Income ETF (BATS:XMPT) Stock Short Interest Jumps 111.4%

VanEck CEF Muni Income ETF (BATS:XMPT) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 68,474 shares, an increase of 111.4% from the September 15th total of 32,396 shares. Based on an average daily trading volume, of 127,033 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.8% of the company’s shares are short sold.

Hedge Funds Weigh In On VanEck CEF Muni Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. IFP Advisors Inc purchased a new stake in shares of VanEck CEF Muni Income ETF in the 2nd quarter worth about $51,000. International Assets Investment Management LLC purchased a new position in shares of VanEck CEF Muni Income ETF during the first quarter valued at about $54,000. NewEdge Advisors LLC purchased a new position in shares of VanEck CEF Muni Income ETF during the second quarter valued at about $57,000. Envestnet Portfolio Solutions Inc. bought a new position in VanEck CEF Muni Income ETF in the second quarter worth about $188,000. Finally, Assetmark Inc. bought a new position in VanEck CEF Muni Income ETF in the first quarter worth about $189,000.

VanEck CEF Muni Income ETF Trading Up 0.4%

BATS XMPT opened at $19.23 on Wednesday. VanEck CEF Muni Income ETF has a fifty-two week low of $18.80 and a fifty-two week high of $22.66. The stock has a 50 day simple moving average of $20.57 and a two-hundred day simple moving average of $21.39.

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.