VanEck Short Muni ETF (BATS:SMB) Short Interest Up 82.1% in June

VanEck Short Muni ETF (BATS:SMB) was the target of a significant growth in short interest in 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. Based on an average trading volume of 76,483 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the shares of the company are short sold.

VanEck Short Muni ETF Stock Up 0.1%

BATS:SMB opened at $17.27 on Friday. VanEck Short Muni ETF has a 52 week low of $17.21 and a 52 week high of $17.53. The firm’s 50-day simple moving average is $17.30 and its 200 day simple moving average is $17.35.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SMB. Westside Investment Management Inc. increased its stake in shares of VanEck Short Muni ETF by 0.9% in the fourth quarter. Westside Investment Management Inc. now owns 68,524 shares of the company’s stock valued at $1,193,000 after buying an additional 609 shares during the period. Arkadios Wealth Advisors boosted its position in VanEck Short Muni ETF by 1.8% during the 1st quarter. Arkadios Wealth Advisors now owns 35,566 shares of the company’s stock worth $615,000 after buying an additional 643 shares during the period. Cetera Investment Advisers boosted its position in VanEck Short Muni ETF by 2.2% during the 1st quarter. Cetera Investment Advisers now owns 51,920 shares of the company’s stock worth $898,000 after buying an additional 1,130 shares during the period. Gradient Investments LLC grew its holdings in VanEck Short Muni ETF by 0.9% during the 4th quarter. Gradient Investments LLC now owns 132,542 shares of the company’s stock worth $2,308,000 after acquiring an additional 1,140 shares during the last quarter. Finally, Susquehanna International Group LLP grew its holdings in VanEck Short Muni ETF by 11.1% during the 3rd quarter. Susquehanna International Group LLP now owns 11,918 shares of the company’s stock worth $208,000 after acquiring an additional 1,192 shares during the last quarter.

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.