VanEck Short Muni ETF (BATS:SMB) Short Interest Down 54.9% in August

VanEck Short Muni ETF (BATS:SMB) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 33,011 shares, a drop of 54.9% from the July 30th total of 73,194 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 105,844 shares, the short-interest ratio is currently 0.3 days.

VanEck Short Muni ETF Trading Up 0.1%

Shares of VanEck Short Muni ETF stock opened at $17.24 on Friday. The business’s fifty day moving average price is $17.27 and its 200 day moving average price is $17.31. VanEck Short Muni ETF has a twelve month low of $17.18 and a twelve month high of $17.53.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Valeo Financial Advisors LLC acquired a new position in shares of VanEck Short Muni ETF during the fourth quarter worth about $2,733,000. Allworth Financial LP grew its position in VanEck Short Muni ETF by 7.6% in the fourth quarter. Allworth Financial LP now owns 2,165,925 shares of the company’s stock valued at $37,709,000 after acquiring an additional 152,768 shares in the last quarter. Stronghold Wealth Management L.L.C. purchased a new stake in shares of VanEck Short Muni ETF during the fourth quarter valued at approximately $522,000. Fifth Third Bancorp acquired a new position in shares of VanEck Short Muni ETF during the first quarter worth $802,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of VanEck Short Muni ETF in the first quarter valued at $2,523,000.

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.