VanEck Vectors Steel Index Fund (NYSEARCA:SLX) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.49 and traded as low as $33.89. VanEck Vectors Steel Index Fund shares last traded at $33.95, with a volume of 315 shares changing hands.

The business has a 50 day moving average of $33.83 and a 200 day moving average of $36.49.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley boosted its stake in shares of VanEck Vectors Steel Index Fund by 29.0% during the second quarter. Morgan Stanley now owns 83,987 shares of the exchange traded fund’s stock valued at $3,286,000 after acquiring an additional 18,906 shares during the last quarter. Coastal Investment Advisors Inc. acquired a new stake in shares of VanEck Vectors Steel Index Fund during the third quarter valued at $72,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of VanEck Vectors Steel Index Fund during the second quarter valued at $211,000. Jane Street Group LLC acquired a new stake in VanEck Vectors Steel Index Fund in the 2nd quarter worth about $237,000. Finally, Wells Fargo & Company MN boosted its stake in VanEck Vectors Steel Index Fund by 8.7% in the 2nd quarter. Wells Fargo & Company MN now owns 16,459 shares of the exchange traded fund’s stock worth $644,000 after buying an additional 1,312 shares during the last quarter.

About VanEck Vectors Steel Index Fund (NYSEARCA:SLX)

Market Vectors Steel ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the NYSE Arca Steel Index (STEEL or the Index) by investing in a portfolio of securities that generally replicates STEEL. STEEL, calculated by the NYSE Alternext, is a modified market capitalization-weighted index consisting of publicly traded companies predominantly involved in the production of steel products or mining and processing of iron ore.

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