VanEck Short Muni ETF (BATS:SMB) Short Interest Up 77.0% in July

VanEck Short Muni ETF (BATS:SMB) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 73,194 shares, an increase of 77.0% from the July 15th total of 41,342 shares. Based on an average daily volume of 45,173 shares, the short-interest ratio is currently 1.6 days. Approximately 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On VanEck Short Muni ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC bought a new stake in shares of VanEck Short Muni ETF in the 4th quarter worth approximately $2,733,000. Allworth Financial LP grew its holdings in VanEck Short Muni ETF by 7.6% during the fourth quarter. Allworth Financial LP now owns 2,165,925 shares of the company’s stock valued at $37,709,000 after purchasing an additional 152,768 shares during the period. Stronghold Wealth Management L.L.C. bought a new position in VanEck Short Muni ETF during the fourth quarter valued at $522,000. Fifth Third Bancorp purchased a new stake in VanEck Short Muni ETF in the first quarter worth $802,000. Finally, Janney Montgomery Scott LLC purchased a new stake in VanEck Short Muni ETF in the first quarter worth $2,523,000.

VanEck Short Muni ETF Stock Performance

Shares of BATS:SMB opened at $17.22 on Wednesday. VanEck Short Muni ETF has a 1 year low of $17.18 and a 1 year high of $17.53. The business has a fifty day moving average price of $17.28 and a two-hundred day moving average price of $17.32.

VanEck Short Muni ETF Company Profile

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.