VanEck Short Muni ETF (BATS:SMB) Short Interest Down 57.7% in August

VanEck Short Muni ETF (BATS:SMB) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 13,979 shares, a decrease of 57.7% from the August 15th total of 33,011 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 57,623 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On VanEck Short Muni ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of VanEck Short Muni ETF in the 4th quarter valued at $43,000. TD Waterhouse Canada Inc. bought a new position in VanEck Short Muni ETF during the second quarter worth about $53,000. Karpus Management Inc. acquired a new position in VanEck Short Muni ETF in the fourth quarter valued at about $61,000. Kestra Advisory Services LLC acquired a new position in VanEck Short Muni ETF in the fourth quarter valued at about $95,000. Finally, PCG Wealth Advisors LLC bought a new stake in shares of VanEck Short Muni ETF in the second quarter worth about $121,000.

VanEck Short Muni ETF Stock Performance

Shares of BATS:SMB opened at $17.06 on Monday. The firm’s 50 day simple moving average is $17.22 and its 200 day simple moving average is $17.29. VanEck Short Muni ETF has a fifty-two week low of $17.03 and a fifty-two week high of $17.53.

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.