VanEck Short Muni ETF (BATS:SMB – Get Free Report) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 198,049 shares, an increase of 87.8% from the September 15th total of 105,484 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 183,465 shares, the days-to-cover ratio is presently 1.1 days.
Institutional Investors Weigh In On VanEck Short Muni ETF
Several hedge funds have recently bought and sold shares of SMB. Gradient Investments LLC bought a new stake in shares of VanEck Short Muni ETF during the third quarter worth approximately $2,267,000. Private Client Services LLC acquired a new position in shares of VanEck Short Muni ETF in the third quarter valued at approximately $239,000. Cherry Tree Wealth Management LLC increased its stake in shares of VanEck Short Muni ETF by 36.8% during the second quarter. Cherry Tree Wealth Management LLC now owns 9,791 shares of the company’s stock worth $170,000 after purchasing an additional 2,635 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of VanEck Short Muni ETF by 47.6% during the second 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. Finally, RFG Advisory LLC bought a new position in shares of VanEck Short Muni ETF during the second quarter worth approximately $245,000.
VanEck Short Muni ETF Stock Down 0.1%
Shares of SMB stock opened at $17.00 on Thursday. The company has a 50-day simple moving average of $17.09 and a 200 day simple moving average of $17.22. VanEck Short Muni ETF has a 52 week low of $16.82 and a 52 week 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.
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