VanEck Morningstar SMID Moat ETF (BATS:SMOT) Sees Significant Decline in Short Interest

VanEck Morningstar SMID Moat ETF (BATS:SMOT) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 660 shares, a drop of 88.7% from the August 15th total of 5,848 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 20,519 shares, the short-interest ratio is presently 0.0 days.

VanEck Morningstar SMID Moat ETF Trading Down 0.8%

VanEck Morningstar SMID Moat ETF stock traded down $0.33 during midday trading on Thursday, hitting $39.07. The stock had a trading volume of 9,822 shares, compared to its average volume of 33,854. The business has a fifty day moving average price of $40.09 and a 200 day moving average price of $38.08. VanEck Morningstar SMID Moat ETF has a 12 month low of $34.25 and a 12 month high of $41.37. The stock has a market cap of $434.85 million, a P/E ratio of 17.96 and a beta of 1.28.

Institutional Investors Weigh In On VanEck Morningstar SMID Moat ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Focused Alpha LLC bought a new stake in VanEck Morningstar SMID Moat ETF during the fourth quarter valued at $3,814,000. Bank of America Corp DE raised its holdings in shares of VanEck Morningstar SMID Moat ETF by 18.7% during the second quarter. Bank of America Corp DE now owns 609,663 shares of the company’s stock worth $21,216,000 after purchasing an additional 95,940 shares during the period. Great Lakes Advisors LLC lifted its position in shares of VanEck Morningstar SMID Moat ETF by 5.7% in the 4th quarter. Great Lakes Advisors LLC now owns 1,134,513 shares of the company’s stock worth $41,069,000 after buying an additional 60,940 shares during the last quarter. Ascentis Independent Advisors bought a new position in shares of VanEck Morningstar SMID Moat ETF in the 1st quarter worth about $2,040,000. Finally, Piedmont Capital Management LLC acquired a new position in shares of VanEck Morningstar SMID Moat ETF in the 2nd quarter valued at about $2,141,000.

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.