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

VanEck Short Muni ETF (BATS:SMB) saw a large growth in short interest during 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. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 76,483 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On VanEck Short Muni ETF

Several hedge funds and other institutional investors have recently modified their holdings of SMB. Raymond James Financial Inc. lifted its position in VanEck Short Muni ETF by 1,076.2% during the third quarter. Raymond James Financial Inc. now owns 902,016 shares of the company’s stock valued at $15,713,000 after buying an additional 825,327 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of VanEck Short Muni ETF in the fourth quarter valued at $2,733,000. Allworth Financial LP boosted its stake in shares of VanEck Short Muni ETF by 7.6% in the fourth quarter. Allworth Financial LP now owns 2,165,925 shares of the company’s stock valued at $37,709,000 after purchasing an additional 152,768 shares during the period. Janney Montgomery Scott LLC acquired a new stake in VanEck Short Muni ETF during the 1st quarter valued at $2,523,000. Finally, Bank of America Corp DE grew its holdings in VanEck Short Muni ETF by 4.2% during the 3rd quarter. Bank of America Corp DE now owns 1,960,445 shares of the company’s stock valued at $34,151,000 after purchasing an additional 79,720 shares in the last quarter.

VanEck Short Muni ETF Trading Down 0.1%

VanEck Short Muni ETF stock opened at $17.26 on Friday. VanEck Short Muni ETF has a 52 week low of $17.21 and a 52 week high of $17.53. The stock has a fifty day moving average price of $17.30 and a 200 day moving average price of $17.35.

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.