Short Interest in VanEck Short Muni ETF (BATS:SMB) Drops By 60.7%

VanEck Short Muni ETF (BATS:SMB) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 24,600 shares, a decrease of 60.7% from the May 31st total of 62,574 shares. Based on an average daily trading volume, of 68,116 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On VanEck Short Muni ETF

Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in VanEck Short Muni ETF in the 4th quarter worth about $43,000. Karpus Management Inc. acquired a new stake in VanEck Short Muni ETF in the fourth quarter valued at approximately $61,000. Kestra Advisory Services LLC acquired a new stake in VanEck Short Muni ETF in the fourth quarter valued at approximately $95,000. Golden State Wealth Management LLC increased its position in shares of VanEck Short Muni ETF by 60.7% in the fourth quarter. Golden State Wealth Management LLC now owns 8,414 shares of the company’s stock valued at $146,000 after buying an additional 3,178 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of VanEck Short Muni ETF in the fourth quarter valued at approximately $149,000.

VanEck Short Muni ETF Stock Performance

SMB stock opened at $17.36 on Monday. The firm’s fifty day moving average is $17.30 and its 200 day moving average is $17.36. VanEck Short Muni ETF has a one year low of $17.21 and a one year high of $17.53.

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.