VanEck Short Muni ETF (BATS:SMB) Short Interest Update

VanEck Short Muni ETF (BATS:SMB) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 33,011 shares, a decline of 54.9% from the July 30th total of 73,194 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 105,844 shares, the days-to-cover ratio is currently 0.3 days.

VanEck Short Muni ETF Price Performance

VanEck Short Muni ETF stock opened at $17.24 on Monday. VanEck Short Muni ETF has a one year low of $17.18 and a one year high of $17.53. The company’s fifty day moving average price is $17.27 and its two-hundred day moving average price is $17.31.

Institutional Trading of VanEck Short Muni ETF

Institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new stake in shares of VanEck Short Muni ETF in the 4th quarter worth about $43,000. TD Waterhouse Canada Inc. bought a new position in VanEck Short Muni ETF during the 2nd quarter valued at about $53,000. Karpus Management Inc. acquired a new position in VanEck Short Muni ETF in the fourth quarter valued at about $61,000. Kestra Advisory Services LLC acquired a new position in VanEck Short Muni ETF in the fourth quarter valued at about $95,000. Finally, PCG Wealth Advisors LLC acquired a new position in VanEck Short Muni ETF in the second quarter valued at about $121,000.

VanEck Short Muni ETF Company Profile

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.