VanEck Morningstar SMID Moat ETF (BATS:SMOT) Sees Significant Growth in Short Interest

VanEck Morningstar SMID Moat ETF (BATS:SMOT) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 5,848 shares, a growth of 470.0% from the July 30th total of 1,026 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 22,844 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On VanEck Morningstar SMID Moat ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SMOT. 1620 Investment Advisors Inc. grew its stake in 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 buying an additional 335 shares during the last quarter. Arax Advisory Partners bought a new stake in shares of VanEck Morningstar SMID Moat ETF during the fourth quarter worth approximately $50,000. 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 fourth quarter valued at approximately $73,000. Western Wealth Management LLC acquired a new position in shares of VanEck Morningstar SMID Moat ETF in the first quarter valued at approximately $82,000. Finally, Soundwatch Capital LLC increased its stake in shares of VanEck Morningstar SMID Moat ETF by 5.1% during the fourth quarter. Soundwatch Capital LLC now owns 7,754 shares of the company’s stock worth $281,000 after purchasing an additional 379 shares during the period.

VanEck Morningstar SMID Moat ETF Stock Performance

BATS:SMOT opened at $40.99 on Thursday. The stock has a 50-day simple moving average of $39.74 and a 200 day simple moving average of $37.86. VanEck Morningstar SMID Moat ETF has a 52-week low of $34.25 and a 52-week high of $41.37. The company has a market cap of $456.22 million, a PE 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.