VanEck Morningstar SMID Moat ETF (BATS:SMOT) Short Interest Down 55.7% in May

VanEck Morningstar SMID Moat ETF (BATS:SMOT) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,607 shares, a decrease of 55.7% from the May 14th total of 3,631 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 19,894 shares, the days-to-cover ratio is currently 0.1 days.

VanEck Morningstar SMID Moat ETF Price Performance

Shares of SMOT opened at $38.72 on Friday. The company has a market cap of $430.95 million, a P/E ratio of 17.96 and a beta of 1.28. The stock has a fifty day moving average price of $37.28 and a 200 day moving average price of $36.81. VanEck Morningstar SMID Moat ETF has a 12 month low of $33.34 and a 12 month high of $39.19.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Great Lakes Advisors LLC grew its stake in VanEck Morningstar SMID Moat ETF by 5.7% during the 4th quarter. Great Lakes Advisors LLC now owns 1,134,513 shares of the company’s stock worth $41,069,000 after buying an additional 60,940 shares during the last quarter. Gradient Investments LLC boosted its position in VanEck Morningstar SMID Moat ETF by 4.3% during the 4th quarter. Gradient Investments LLC now owns 822,960 shares of the company’s stock worth $29,791,000 after acquiring an additional 34,296 shares during the period. Bank of America Corp DE boosted its position in VanEck Morningstar SMID Moat ETF by 18.7% during the 2nd quarter. Bank of America Corp DE now owns 609,663 shares of the company’s stock worth $21,216,000 after acquiring an additional 95,940 shares during the period. Financial Management Network Inc. boosted its position in VanEck Morningstar SMID Moat ETF by 1.4% during the 4th quarter. Financial Management Network Inc. now owns 560,002 shares of the company’s stock worth $20,406,000 after acquiring an additional 7,864 shares during the period. Finally, Apexium Financial LP boosted its position in VanEck Morningstar SMID Moat ETF by 1.6% during the 3rd quarter. Apexium Financial LP now owns 329,963 shares of the company’s stock worth $11,905,000 after acquiring an additional 5,207 shares during the period.

About VanEck Morningstar SMID Moat ETF

The VanEck Morningstar SMID Moat ETF (SMOT) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an index made up of two equally-weighted sub-portfolios, comprised of small- and mid-cap companies believed to have durable competitive advantages and attractive valuations. SMOT was launched on Oct 4, 2022 and is managed by VanEck.