VanEck Morningstar SMID Moat ETF (BATS:SMOT) Short Interest Down 88.7% in August

VanEck Morningstar SMID Moat ETF (BATS:SMOT) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 660 shares, a decline of 88.7% from the August 15th total of 5,848 shares. Based on an average daily volume of 20,519 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On VanEck Morningstar SMID Moat ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Great Lakes Advisors LLC boosted its holdings in shares of VanEck Morningstar SMID Moat ETF by 5.7% in the 4th quarter. Great Lakes Advisors LLC now owns 1,134,513 shares of the company’s stock valued at $41,069,000 after buying an additional 60,940 shares in the last quarter. Gradient Investments LLC grew its holdings in shares of VanEck Morningstar SMID Moat ETF by 4.1% during the second quarter. Gradient Investments LLC now owns 905,457 shares of the company’s stock worth $35,186,000 after buying an additional 35,422 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of VanEck Morningstar SMID Moat ETF by 18.7% in the second quarter. Bank of America Corp DE now owns 609,663 shares of the company’s stock valued at $21,216,000 after purchasing an additional 95,940 shares during the period. Raymond James Financial Inc. increased its stake in VanEck Morningstar SMID Moat ETF by 5.4% in the 3rd quarter. Raymond James Financial Inc. now owns 187,455 shares of the company’s stock valued at $6,763,000 after buying an additional 9,622 shares during the period. Finally, MML Investors Services LLC lifted its stake in shares of VanEck Morningstar SMID Moat ETF by 9.7% in the 4th quarter. MML Investors Services LLC now owns 139,784 shares of the company’s stock worth $5,060,000 after acquiring an additional 12,359 shares during the period.

VanEck Morningstar SMID Moat ETF Trading Down 0.8%

BATS:SMOT traded down $0.33 during mid-day trading on Thursday, hitting $39.07. The stock had a trading volume of 9,822 shares, compared to its average volume of 33,854. VanEck Morningstar SMID Moat ETF has a twelve month low of $34.25 and a twelve month high of $41.37. The stock has a 50-day simple moving average of $40.09 and a two-hundred day simple moving average of $38.08. The company has a market capitalization of $434.85 million, a PE ratio of 17.96 and a beta of 1.28.

VanEck Morningstar SMID Moat ETF Company Profile

The VanEck Morningstar SMID Moat ETF (SMOT) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an index made up of two equally-weighted sub-portfolios, comprised of small- and mid-cap companies believed to have durable competitive advantages and attractive valuations. SMOT was launched on Oct 4, 2022 and is managed by VanEck.