VanEck Short Muni ETF (BATS:SMB – Get Free Report) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 24,600 shares, a decline of 60.7% from the May 31st total of 62,574 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 68,116 shares, the days-to-cover ratio is presently 0.4 days.
VanEck Short Muni ETF Stock Performance
BATS:SMB opened at $17.36 on Monday. VanEck Short Muni ETF has a fifty-two week low of $17.21 and a fifty-two week high of $17.53. The company has a fifty day moving average of $17.30 and a two-hundred day moving average of $17.36.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of SMB. Allworth Financial LP boosted its holdings in VanEck Short Muni ETF by 7.8% in the 3rd quarter. Allworth Financial LP now owns 2,013,157 shares of the company’s stock worth $35,069,000 after buying an additional 146,094 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of VanEck Short Muni ETF during the fourth quarter valued at approximately $2,733,000. LWM Advisory Services LLC purchased a new position in shares of VanEck Short Muni ETF in the third quarter valued at approximately $909,000. Stronghold Wealth Management L.L.C. purchased a new position in shares of VanEck Short Muni ETF in the fourth quarter valued at approximately $522,000. Finally, JPMorgan Chase & Co. increased its position in shares of VanEck Short Muni ETF by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 532,734 shares of the company’s stock worth $9,280,000 after purchasing an additional 20,280 shares in the last quarter.
About VanEck Short Muni ETF
The VanEck Short Muni ETF (SMB) 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 1-6 years. SMB was launched on Feb 22, 2008 and is managed by VanEck.
Recommended Stories
- Five stocks we like better than VanEck Short Muni ETF
- As Stablecoins Keep Growing, These 2 Stocks Benefit
- Apple Just Handed These 4 Memory Stocks Their Best News of the Year
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
Receive News & Ratings for VanEck Short Muni ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Short Muni ETF and related companies with MarketBeat.com's FREE daily email newsletter.
