VanEck Short Muni ETF (BATS:SMB – Get Free Report) saw a significant 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. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 120,800 shares, the short-interest ratio is currently 0.9 days.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. Cherry Tree Wealth Management LLC increased its holdings in shares of VanEck Short Muni ETF by 36.8% during the second quarter. Cherry Tree Wealth Management LLC now owns 9,791 shares of the company’s stock valued at $170,000 after acquiring an additional 2,635 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake 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 purchasing an additional 20,994 shares in the last quarter. RFG Advisory LLC purchased a new stake in VanEck Short Muni ETF during the 2nd quarter valued at about $245,000. IMPACTfolio LLC grew its position in VanEck Short Muni ETF by 0.9% during the 2nd quarter. IMPACTfolio LLC now owns 174,525 shares of the company’s stock valued at $3,028,000 after purchasing an additional 1,601 shares during the last quarter. Finally, PCG Wealth Advisors LLC bought a new stake in VanEck Short Muni ETF during the 2nd quarter valued at about $121,000.
VanEck Short Muni ETF Stock Down 0.1%
SMB opened at $16.92 on Friday. The business has a 50 day simple moving average of $17.17 and a two-hundred day simple moving average of $17.26. VanEck Short Muni ETF has a one year low of $16.90 and a one year high of $17.53.
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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