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

VanEck Short Muni ETF (BATS:SMB) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 105,484 shares, an increase of 654.6% from the August 31st total of 13,979 shares. Based on an average daily volume of 120,800 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.7% of the shares of the company are short sold.

VanEck Short Muni ETF Stock Down 0.2%

BATS SMB traded down $0.04 during trading hours on Thursday, hitting $16.94. The company had a trading volume of 127,588 shares, compared to its average volume of 83,852. VanEck Short Muni ETF has a 52 week low of $16.93 and a 52 week high of $17.53. The firm has a 50 day simple moving average of $17.19 and a 200 day simple moving average of $17.27.

Hedge Funds Weigh In On VanEck Short Muni ETF

Several hedge funds have recently bought and sold shares of SMB. Arkadios Wealth Advisors boosted its stake in shares of VanEck Short Muni ETF by 1.8% during the 1st quarter. Arkadios Wealth Advisors now owns 35,566 shares of the company’s stock valued at $615,000 after purchasing an additional 643 shares in the last quarter. Cetera Investment Advisers raised its stake in VanEck Short Muni ETF by 2.2% in the first quarter. Cetera Investment Advisers now owns 51,920 shares of the company’s stock worth $898,000 after buying an additional 1,130 shares in the last quarter. IMPACTfolio LLC lifted its holdings in VanEck Short Muni ETF by 0.9% in the second quarter. IMPACTfolio LLC now owns 174,525 shares of the company’s stock worth $3,028,000 after buying an additional 1,601 shares during the period. Axxcess Wealth Management LLC lifted its holdings in VanEck Short Muni ETF by 10.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 19,400 shares of the company’s stock worth $338,000 after buying an additional 1,900 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in VanEck Short Muni ETF by 13.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 19,977 shares of the company’s stock valued at $348,000 after acquiring an additional 2,395 shares in the last quarter.

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.