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

VanEck Morningstar SMID Moat ETF (BATS:SMOT) saw a large decrease in short interest in 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. Based on an average daily volume of 19,894 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On VanEck Morningstar SMID Moat ETF

Institutional investors have recently made changes to their positions in the business. 1620 Investment Advisors Inc. raised its position in shares of VanEck Morningstar SMID Moat ETF by 67.0% in the 4th quarter. 1620 Investment Advisors Inc. now owns 835 shares of the company’s stock valued at $30,000 after purchasing an additional 335 shares in the last quarter. Optiver Holding B.V. acquired a new position in shares of VanEck Morningstar SMID Moat ETF in the 3rd quarter valued at approximately $37,000. Allworth Financial LP raised its position in shares of VanEck Morningstar SMID Moat ETF by 258.2% in the 3rd quarter. Allworth Financial LP now owns 1,132 shares of the company’s stock valued at $41,000 after purchasing an additional 816 shares in the last quarter. Arax Advisory Partners acquired a new position in shares of VanEck Morningstar SMID Moat ETF in the 4th quarter valued at approximately $50,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of VanEck Morningstar SMID Moat ETF in the 4th quarter valued at approximately $73,000.

VanEck Morningstar SMID Moat ETF Stock Up 0.8%

Shares of SMOT opened at $38.72 on Friday. The business’s 50 day moving average is $37.28 and its two-hundred day moving average is $36.81. VanEck Morningstar SMID Moat ETF has a 52-week low of $33.34 and a 52-week high of $39.19. The firm has a market cap of $430.95 million, a price-to-earnings ratio of 17.96 and a beta of 1.28.

VanEck Morningstar SMID Moat ETF Company Profile

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.