VanEck Short Muni ETF (BATS:SMB – Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 73,194 shares, an increase of 77.0% from the July 15th total of 41,342 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 45,173 shares, the short-interest ratio is currently 1.6 days.
Institutional Investors Weigh In On VanEck Short Muni ETF
A number of hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in shares of VanEck Short Muni ETF in the fourth quarter worth $43,000. Karpus Management Inc. acquired a new position in VanEck Short Muni ETF during the 4th quarter worth $61,000. Kestra Advisory Services LLC acquired a new position in VanEck Short Muni ETF during the 4th quarter worth $95,000. Golden State Wealth Management LLC increased its position in shares of VanEck Short Muni ETF by 60.7% in the 4th 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 last quarter. 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 4th quarter worth about $149,000.
VanEck Short Muni ETF Stock Performance
Shares of VanEck Short Muni ETF stock opened at $17.24 on Tuesday. VanEck Short Muni ETF has a 1-year low of $17.18 and a 1-year high of $17.53. The business has a 50-day moving average of $17.29 and a 200-day moving average of $17.32.
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.
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