VanEck Short Muni ETF (BATS:SMB) Stock Short Interest Climbs 87.8%

VanEck Short Muni ETF (BATS:SMB) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 198,049 shares, a growth of 87.8% from the September 15th total of 105,484 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 183,465 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On VanEck Short Muni ETF

Large investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. bought a new stake in shares of VanEck Short Muni ETF in the second quarter worth $53,000. PCG Wealth Advisors LLC acquired a new position in VanEck Short Muni ETF during the second quarter worth $121,000. Cherry Tree Wealth Management LLC boosted its holdings in 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 last quarter. Kavar Capital Partners Group LLC bought a new position in VanEck Short Muni ETF in the first quarter valued at $216,000. Finally, Private Client Services LLC bought a new position in VanEck Short Muni ETF in the third quarter valued at $239,000.

VanEck Short Muni ETF Trading Down 0.1%

BATS:SMB opened at $17.00 on Thursday. VanEck Short Muni ETF has a 52-week low of $16.82 and a 52-week high of $17.53. The stock has a 50-day simple moving average of $17.09 and a 200 day simple moving average of $17.22.

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.