VanEck Short Muni ETF (BATS:SMB – Get Free Report) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 24,600 shares, a decline of 60.7% from the May 31st total of 62,574 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 68,116 shares, the short-interest ratio is presently 0.4 days.
VanEck Short Muni ETF Stock Performance
Shares of VanEck Short Muni ETF stock opened at $17.35 on Wednesday. VanEck Short Muni ETF has a 52-week low of $17.21 and a 52-week high of $17.53. The company’s 50-day simple moving average is $17.30 and its 200-day simple moving average is $17.36.
Hedge Funds Weigh In On VanEck Short Muni ETF
A number of large investors have recently modified their holdings of SMB. International Assets Investment Management LLC acquired a new stake in VanEck Short Muni ETF in the fourth quarter valued at $43,000. Karpus Management Inc. purchased a new position in shares of VanEck Short Muni ETF in the 4th quarter valued at about $61,000. Kestra Advisory Services LLC purchased a new position in shares of VanEck Short Muni ETF in the 4th quarter valued at about $95,000. Golden State Wealth Management LLC increased its holdings in shares of VanEck Short Muni ETF by 60.7% in the 4th quarter. Golden State Wealth Management LLC now owns 8,414 shares of the company’s stock valued at $146,000 after purchasing an additional 3,178 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of VanEck Short Muni ETF in the fourth quarter valued at about $149,000.
About VanEck Short Muni ETF
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.
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