VanEck Morningstar SMID Moat ETF (BATS:SMOT) Sees Large Growth in Short Interest

VanEck Morningstar SMID Moat ETF (BATS:SMOT) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 5,848 shares, a growth of 470.0% from the July 30th total of 1,026 shares. Based on an average daily trading volume, of 22,844 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Piedmont Capital Management LLC bought a new position in VanEck Morningstar SMID Moat ETF in the second quarter valued at about $2,141,000. Paladin Wealth LLC lifted its stake in shares of VanEck Morningstar SMID Moat ETF by 10.1% in the 2nd quarter. Paladin Wealth LLC now owns 33,637 shares of the company’s stock worth $1,307,000 after purchasing an additional 3,075 shares during the period. Gradient Investments LLC boosted its holdings in shares of VanEck Morningstar SMID Moat ETF by 4.1% in 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. Western Wealth Management LLC bought a new stake in VanEck Morningstar SMID Moat ETF during the first quarter valued at approximately $82,000. Finally, Royal Bank of Canada grew its position in VanEck Morningstar SMID Moat ETF by 60.4% during the first quarter. Royal Bank of Canada now owns 15,888 shares of the company’s stock valued at $559,000 after buying an additional 5,981 shares during the period.

VanEck Morningstar SMID Moat ETF Stock Performance

Shares of BATS:SMOT opened at $40.92 on Friday. The firm has a market cap of $455.44 million, a price-to-earnings ratio of 17.96 and a beta of 1.28. The business has a 50-day simple moving average of $39.79 and a two-hundred day simple moving average of $37.88. VanEck Morningstar SMID Moat ETF has a fifty-two week low of $34.25 and a fifty-two week high of $41.37.

About VanEck Morningstar SMID Moat ETF

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.