VanEck Long Muni ETF (BATS:MLN) Sees Large Decrease in Short Interest

VanEck Long Muni ETF (BATS:MLN – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 195,527 shares, a drop of 84.5% from the October 15th total of 1,257,896 shares. Based on an average trading volume of 1,040,635 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the shares of the company are sold short.

VanEck Long Muni ETF Trading Down 1.2%

Shares of VanEck Long Muni ETF stock opened at $16.83 on Friday. VanEck Long Muni ETF has a twelve month low of $16.04 and a twelve month high of $17.82. The company has a 50-day simple moving average of $16.64 and a two-hundred day simple moving average of $17.32.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC raised its position in shares of VanEck Long Muni ETF by 432.7% in the third quarter. Kestra Advisory Services LLC now owns 1,497,269 shares of the company’s stock valued at $24,443,000 after buying an additional 1,216,206 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in VanEck Long Muni ETF during the third quarter worth approximately $15,835,000. HighTower Advisors LLC bought a new position in VanEck Long Muni ETF during the 3rd quarter worth $7,958,000. Park Avenue Securities LLC bought a new position in VanEck Long Muni ETF during the 3rd quarter worth $4,579,000. Finally, Bank of America Corp DE increased its stake in VanEck Long Muni ETF by 7.6% during the 1st quarter. Bank of America Corp DE now owns 3,326,592 shares of the company’s stock worth $58,016,000 after acquiring an additional 234,656 shares during the period.

VanEck Long Muni ETF Company Profile

(Get Free Report)

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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