VanEck Short Muni ETF (BATS:SMB – Get Free Report) was the target of a large decline in short interest during the month of 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. Approximately 0.2% of the shares of the stock 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 Down 0.1%
Shares of SMB opened at $17.35 on Tuesday. VanEck Short Muni ETF has a 12-month low of $17.21 and a 12-month high of $17.53. The business has a 50-day simple moving average of $17.30 and a two-hundred day simple moving average of $17.36.
Institutional Investors Weigh In On VanEck Short Muni ETF
Several hedge funds have recently added to or reduced their stakes in SMB. International Assets Investment Management LLC acquired a new position in VanEck Short Muni ETF in the 4th quarter valued at approximately $43,000. Karpus Management Inc. bought a new position in shares of VanEck Short Muni ETF during the fourth quarter valued at $61,000. Kestra Advisory Services LLC acquired a new position in shares of VanEck Short Muni ETF during the fourth quarter worth $95,000. Golden State Wealth Management LLC lifted its holdings in shares of VanEck Short Muni ETF by 60.7% during the fourth quarter. Golden State Wealth Management LLC now owns 8,414 shares of the company’s stock worth $146,000 after purchasing an additional 3,178 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of VanEck Short Muni ETF in the fourth quarter worth $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.
Recommended Stories
- Five stocks we like better than VanEck Short Muni ETF
- SpaceX Achieves Escape Velocity With Nasdaq Fast-Track
- The AI Boom Has a Second Act—And It’s Playing Out in Optics
- Gold’s 2026 Rally Has Cracked—Is It Time to Buy the Pullback?
- 5 Tech Stocks to Buy on the July Pullback
Receive News & Ratings for VanEck Short Muni ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Short Muni ETF and related companies with MarketBeat.com's FREE daily email newsletter.
