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

VanEck Short Muni ETF (BATS:SMB) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 105,484 shares, a growth of 654.6% from the August 31st total of 13,979 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 120,800 shares, the short-interest ratio is presently 0.9 days.

VanEck Short Muni ETF Trading Down 0.2%

Shares of BATS:SMB traded down $0.04 during trading on Thursday, reaching $16.94. 127,588 shares of the stock traded hands, compared to its average volume of 83,852. The stock has a 50-day moving average of $17.19 and a two-hundred day moving average of $17.27. VanEck Short Muni ETF has a 52-week low of $16.93 and a 52-week high of $17.53.

Institutional Trading of VanEck Short Muni ETF

Several institutional investors have recently added to or reduced their stakes in the business. Cherry Tree Wealth Management LLC lifted its holdings in shares of VanEck Short Muni ETF by 36.8% during the second quarter. Cherry Tree Wealth Management LLC now owns 9,791 shares of the company’s stock valued at $170,000 after purchasing an additional 2,635 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in VanEck Short Muni ETF by 47.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 65,073 shares of the company’s stock worth $1,129,000 after buying an additional 20,994 shares during the last quarter. RFG Advisory LLC purchased a new position in VanEck Short Muni ETF in the 2nd quarter worth about $245,000. IMPACTfolio LLC lifted its stake in VanEck Short Muni ETF by 0.9% during the 2nd quarter. IMPACTfolio LLC now owns 174,525 shares of the company’s stock valued at $3,028,000 after acquiring an additional 1,601 shares during the period. Finally, PCG Wealth Advisors LLC bought a new position in VanEck Short Muni ETF during the 2nd quarter valued at about $121,000.

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.