VanEck Short Muni ETF (BATS:SMB) Stock Price Down 0.2% – Should You Sell?

VanEck Short Muni ETF (BATS:SMB – Get Free Report) dropped 0.2% during mid-day trading on Thursday. The company traded as low as $17.18 and last traded at $17.19. Approximately 269,690 shares traded hands during mid-day trading, an increase of 114% from the average daily volume of 125,829 shares. The stock had previously closed at $17.23.

VanEck Short Muni ETF Price Performance

The business has a 50-day simple moving average of $17.07 and a two-hundred day simple moving average of $17.26.

Hedge Funds Weigh In On VanEck Short Muni ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gradient Investments LLC bought a new position in VanEck Short Muni ETF during the 3rd quarter valued at about $2,267,000. NewEdge Advisors LLC bought a new stake in VanEck Short Muni ETF during the first quarter worth about $661,000. Fifth Third Bancorp acquired a new stake in shares of VanEck Short Muni ETF during the first quarter worth approximately $802,000. Ascent Group LLC increased its holdings in shares of VanEck Short Muni ETF by 70.6% during the third quarter. Ascent Group LLC now owns 111,478 shares of the company’s stock worth $1,886,000 after buying an additional 46,129 shares in the last quarter. Finally, Independent Financial Group LLC bought a new position in shares of VanEck Short Muni ETF in the first quarter valued at approximately $769,000.

VanEck Short Muni ETF Company Profile

(Get Free Report)

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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