Short Interest in VanEck Morningstar SMID Moat ETF (BATS:SMOT) Drops By 61.1%

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

VanEck Morningstar SMID Moat ETF Stock Performance

SMOT opened at $38.99 on Monday. VanEck Morningstar SMID Moat ETF has a one year low of $34.25 and a one year high of $39.27. The stock has a market cap of $433.96 million, a price-to-earnings ratio of 17.96 and a beta of 1.28. The stock’s 50 day moving average price is $37.82 and its 200-day moving average price is $36.97.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SMOT. Great Lakes Advisors LLC grew its position in shares of 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 in the last quarter. Gradient Investments LLC boosted its stake in shares of VanEck Morningstar SMID Moat ETF by 4.3% during the fourth quarter. Gradient Investments LLC now owns 822,960 shares of the company’s stock valued at $29,791,000 after purchasing an additional 34,296 shares in the last quarter. Bank of America Corp DE increased its holdings in VanEck Morningstar SMID Moat ETF by 18.7% during the second quarter. Bank of America Corp DE now owns 609,663 shares of the company’s stock valued at $21,216,000 after buying an additional 95,940 shares during the period. Financial Management Network Inc. raised its stake in VanEck Morningstar SMID Moat ETF by 1.4% in the fourth quarter. Financial Management Network Inc. now owns 560,002 shares of the company’s stock worth $20,406,000 after buying an additional 7,864 shares in the last quarter. Finally, Apexium Financial LP lifted its holdings in VanEck Morningstar SMID Moat ETF by 1.6% during the third quarter. Apexium Financial LP now owns 329,963 shares of the company’s stock worth $11,905,000 after buying 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.