VanEck Short Muni ETF (BATS:SMB) Sees Large Drop in Short Interest

VanEck Short Muni ETF (BATS:SMB) was the recipient of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 14,204 shares, a decrease of 97.3% from the October 15th total of 535,939 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 206,052 shares, the days-to-cover ratio is presently 0.1 days.

VanEck Short Muni ETF Stock Down 0.1%

BATS:SMB traded down $0.01 during trading hours on Tuesday, hitting $17.24. The stock had a trading volume of 66,723 shares, compared to its average volume of 126,876. The business has a 50 day simple moving average of $17.07 and a two-hundred day simple moving average of $17.26. VanEck Short Muni ETF has a 1-year low of $16.82 and a 1-year high of $17.53.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SMB. Allworth Financial LP grew its holdings in VanEck Short Muni ETF by 7.0% during the 3rd quarter. Allworth Financial LP now owns 2,437,066 shares of the company’s stock valued at $42,283,000 after purchasing an additional 159,402 shares in the last quarter. IMPACTfolio LLC increased its stake in VanEck Short Muni ETF by 2.4% during the 3rd quarter. IMPACTfolio LLC now owns 178,684 shares of the company’s stock worth $3,023,000 after buying an additional 4,159 shares during the period. Gradient Investments LLC purchased a new stake in VanEck Short Muni ETF during the 3rd quarter worth $2,267,000. Ascent Group LLC lifted its holdings in VanEck Short Muni ETF by 70.6% in the 3rd quarter. Ascent Group LLC now owns 111,478 shares of the company’s stock worth $1,886,000 after buying an additional 46,129 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in VanEck Short Muni ETF by 47.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 65,073 shares of the company’s stock worth $1,129,000 after buying an additional 20,994 shares in the last quarter.

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.