VanEck Short Muni ETF (BATS:SMB) Sees Large Drop in Short Interest

VanEck Short Muni ETF (BATS:SMB) was the target of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 14,204 shares, a decrease of 97.3% from the October 15th total of 535,939 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 206,052 shares, the short-interest ratio is currently 0.1 days.

VanEck Short Muni ETF Trading Down 0.1%

Shares of SMB traded down $0.01 during trading hours on Tuesday, hitting $17.24. The stock had a trading volume of 66,723 shares, compared to its average volume of 126,876. The company’s fifty day simple moving average is $17.07 and its 200 day simple moving average is $17.26. VanEck Short Muni ETF has a 12-month low of $16.82 and a 12-month high of $17.53.

Institutional Investors Weigh In On VanEck Short Muni ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMB. Allworth Financial LP raised its holdings in shares of VanEck Short Muni ETF by 7.0% in the 3rd quarter. Allworth Financial LP now owns 2,437,066 shares of the company’s stock worth $42,283,000 after purchasing an additional 159,402 shares during the period. IMPACTfolio LLC lifted its stake in shares of VanEck Short Muni ETF by 2.4% in the 3rd quarter. IMPACTfolio LLC now owns 178,684 shares of the company’s stock valued at $3,023,000 after purchasing an additional 4,159 shares in the last quarter. Gradient Investments LLC acquired a new position in shares of VanEck Short Muni ETF in the 3rd quarter valued at about $2,267,000. Ascent Group LLC grew its holdings in shares of VanEck Short Muni ETF by 70.6% during the 3rd quarter. Ascent Group LLC now owns 111,478 shares of the company’s stock worth $1,886,000 after purchasing an additional 46,129 shares during the period. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of VanEck Short Muni ETF by 47.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 65,073 shares of the company’s stock worth $1,129,000 after purchasing an additional 20,994 shares during the period.

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.