VanEck Morningstar SMID Moat ETF (BATS:SMOT) Sees Large Decline in Short Interest

VanEck Morningstar SMID Moat ETF (BATS:SMOT) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 625 shares, a decrease of 61.1% from the May 31st total of 1,607 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 25,651 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of VanEck Morningstar SMID Moat ETF

A number of hedge funds have recently modified their holdings of SMOT. 1620 Investment Advisors Inc. boosted its stake in VanEck Morningstar SMID Moat ETF by 67.0% during the 4th quarter. 1620 Investment Advisors Inc. now owns 835 shares of the company’s stock worth $30,000 after acquiring an additional 335 shares during the last quarter. Optiver Holding B.V. acquired a new stake in VanEck Morningstar SMID Moat ETF in the third quarter worth $37,000. Allworth Financial LP raised its holdings in VanEck Morningstar SMID Moat ETF by 258.2% in the third quarter. Allworth Financial LP now owns 1,132 shares of the company’s stock worth $41,000 after purchasing an additional 816 shares during the period. Arax Advisory Partners acquired a new position in shares of VanEck Morningstar SMID Moat ETF in the 4th quarter valued at $50,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of VanEck Morningstar SMID Moat ETF in the 4th quarter valued at $73,000.

VanEck Morningstar SMID Moat ETF Trading Down 0.2%

BATS:SMOT opened at $38.92 on Tuesday. VanEck Morningstar SMID Moat ETF has a 1-year low of $34.25 and a 1-year high of $39.27. The business’s 50-day moving average price is $37.86 and its two-hundred day moving average price is $36.99. The firm has a market capitalization of $433.18 million, a price-to-earnings ratio of 17.96 and a beta of 1.28.

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.