VanEck Short Muni ETF (BATS:SMB) Sees Significant Growth in Short Interest

VanEck Short Muni ETF (BATS:SMB) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 44,803 shares, a growth of 82.1% from the June 15th total of 24,600 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 76,483 shares, the days-to-cover ratio is presently 0.6 days.

VanEck Short Muni ETF Stock Down 0.1%

Shares of VanEck Short Muni ETF stock opened at $17.26 on Friday. VanEck Short Muni ETF has a 12-month low of $17.21 and a 12-month high of $17.53. The company has a 50-day moving average of $17.30 and a two-hundred day moving average of $17.35.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allworth Financial LP raised its holdings in shares of VanEck Short Muni ETF by 7.8% in the third quarter. Allworth Financial LP now owns 2,013,157 shares of the company’s stock worth $35,069,000 after acquiring an additional 146,094 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of VanEck Short Muni ETF during the fourth quarter worth about $2,733,000. Stronghold Wealth Management L.L.C. purchased a new stake in shares of VanEck Short Muni ETF during the fourth quarter worth about $522,000. Janney Montgomery Scott LLC purchased a new stake in shares of VanEck Short Muni ETF during the first quarter worth about $2,523,000. Finally, International Assets Investment Management LLC acquired a new position in shares of VanEck Short Muni ETF in the fourth quarter valued at approximately $43,000.

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.