VanEck Short Muni ETF (BATS:SMB – Get Free Report) saw a large growth in short interest in the month of 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. Based on an average trading volume of 76,483 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are sold short.
VanEck Short Muni ETF Stock Up 0.1%
BATS SMB opened at $17.27 on Friday. The stock has a 50-day moving average of $17.30 and a two-hundred day moving average of $17.35. VanEck Short Muni ETF has a 1-year low of $17.21 and a 1-year high of $17.53.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in SMB. NewEdge Advisors LLC purchased a new stake in VanEck Short Muni ETF during the 1st quarter worth approximately $661,000. Arkadios Wealth Advisors increased its position in shares of VanEck Short Muni ETF by 1.8% during the first quarter. Arkadios Wealth Advisors now owns 35,566 shares of the company’s stock worth $615,000 after acquiring an additional 643 shares during the period. Cetera Investment Advisers raised its stake in shares of VanEck Short Muni ETF by 2.2% in the first quarter. Cetera Investment Advisers now owns 51,920 shares of the company’s stock valued at $898,000 after acquiring an additional 1,130 shares in the last quarter. Independent Financial Group LLC acquired a new stake in shares of VanEck Short Muni ETF in the first quarter valued at $769,000. Finally, Fifth Third Bancorp purchased a new stake in VanEck Short Muni ETF during the 1st quarter worth about $802,000.
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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