Vaneck Short Muni Etf Profile

SMB Etf  USD 17.02  0.01  0.06%   

Performance

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Odds Of Distress

Less than 9

 
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VanEck Short is trading at 17.02 as of the 28th of March 2024, a 0.06% increase since the beginning of the trading day. The etf's open price was 17.01. VanEck Short has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for VanEck Short Muni are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of July 2022 and ending today, the 28th of March 2024. Click here to learn more.
The fund normally invests at least 80 percent of its total assets in fixed income securities that comprise the index. Vaneck Short is traded on BATS Exchange in the United States. More on VanEck Short Muni

Moving together with VanEck Etf

  0.72SUB IShares Short-TermPairCorr
  0.74SHM SPDR Nuveen BloombergPairCorr
  0.75DFNM Dimensional ETF TrustPairCorr
  0.84FSMB First Trust ShortPairCorr

VanEck Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. VanEck Short's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding VanEck Short or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEOKeith Carlson
Thematic Ideas
(View all Themes)
Old NameSimba Essel Energy Inc
Business ConcentrationBroad Municipals ETFs, Municipals ETFs, Muni National Short, VanEck (View all Sectors)
IssuerVan Eck
Inception Date2008-02-22
BenchmarkICE Short AMT-Free Broad National Municipal Index
Entity TypeRegulated Investment Company
Asset Under Management248.36 Million
Average Trading Valume40,964.5
Asset TypeFixed Income
CategoryMunicipals
FocusBroad Municipals
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorVan Eck Associates Corporation
AdvisorVan Eck Associates Corporation
CustodianState Street Bank and Trust Company
DistributorVan Eck Securities Corporation
Portfolio ManagerJames Colby III, Stephanie Wang
Transfer AgentState Street Bank and Trust Company
Fiscal Year End30-Apr
ExchangeCboe BZX Exchange, Inc.
Number of Constituents332
Market MakerJane Street
Total Expense0.2
Management Fee0.2
Country NameUSA
Returns Y T D(0.11)
NameVanEck Short Muni ETF
Currency CodeUSD
Open FigiBBG000R24QP6
In Threey Volatility3.39
1y Volatility3.06
200 Day M A16.891
50 Day M A17.044
CodeSMB
Updated At27th of March 2024
Currency NameUS Dollar
VanEck Short Muni [SMB] is traded in USA and was established 2008-02-22. The fund is classified under Muni National Short category within VanEck family. The entity is thematically classified as Broad Municipals ETFs. VanEck Short Muni at this time have 348.31 M in assets. , while the total return for the last 3 years was -0.4%.
Check VanEck Short Probability Of Bankruptcy

Top VanEck Short Muni Etf Constituents

MARYLAND ST 5%1.0299999%
PEFA INC IOWA GAS PROJ REV 5%0.6%
GEORGIA ST 5%0.6%
TENNESSEE ENERGY ACQUISITION CORP GAS REV 4%0.67000003%
CENTRAL PLAINS ENERGY PROJ NEB GAS SUPPLY REV 4%0.76%
CONROE TEX INDPT SCH DIST 5%0.70999996%
PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 4%0.64%
CALIFORNIA ST 5%0.58999998%
MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%1.07%
NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5%0.69%

VanEck Short Target Price Odds Analysis

What are VanEck Short's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of VanEck Short jumping above the current price in 90 days from now is about 50.0%. The VanEck Short Muni probability density function shows the probability of VanEck Short etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon VanEck Short has a beta of 0.0137. This usually implies as returns on the market go up, VanEck Short average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding VanEck Short Muni will be expected to be much smaller as well. Additionally, vanEck Short Muni has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 17.02HorizonTargetOdds Above 17.02
44.25%90 days
 17.02 
50.00%
Based on a normal probability distribution, the odds of VanEck Short to move above the current price in 90 days from now is about 50.0 (This VanEck Short Muni probability density function shows the probability of VanEck Etf to fall within a particular range of prices over 90 days) .

VanEck Short Top Holders

NEARXNear Term Tax FreeMutual FundMuni National Short
MAAXMAAXEtfHigh Yield Muni
QGLCXThe Gold BullionMutual FundUS Mutual Fund
QGLDXThe Gold BullionMutual FundUS Mutual Fund
More Details

VanEck Short Muni Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. VanEck Short market risk premium is the additional return an investor will receive from holding VanEck Short long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in VanEck Short. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although VanEck Short's alpha and beta are two of the key measurements used to evaluate VanEck Short's performance over the market, the standard measures of volatility play an important role as well.

VanEck Short Against Markets

Picking the right benchmark for VanEck Short etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in VanEck Short etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for VanEck Short is critical whether you are bullish or bearish towards VanEck Short Muni at a given time. Please also check how VanEck Short's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in VanEck Short without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy VanEck Etf?

Before investing in VanEck Short, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in VanEck Short. To buy VanEck Short etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of VanEck Short. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase VanEck Short etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located VanEck Short Muni etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased VanEck Short Muni etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as VanEck Short Muni, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy VanEck Etf please use our How to Invest in VanEck Short guide.

Already Invested in VanEck Short Muni?

The danger of trading VanEck Short Muni is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of VanEck Short is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than VanEck Short. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile VanEck Short Muni is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether VanEck Short Muni offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Short's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Vaneck Short Muni Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Short Muni Etf:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VanEck Short Muni. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Stocks Directory module to find actively traded stocks across global markets.

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When running VanEck Short's price analysis, check to measure VanEck Short's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy VanEck Short is operating at the current time. Most of VanEck Short's value examination focuses on studying past and present price action to predict the probability of VanEck Short's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VanEck Short's price. Additionally, you may evaluate how the addition of VanEck Short to your portfolios can decrease your overall portfolio volatility.
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The market value of VanEck Short Muni is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck Short's value that differs from its market value or its book value, called intrinsic value, which is VanEck Short's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because VanEck Short's market value can be influenced by many factors that don't directly affect VanEck Short's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between VanEck Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Short's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.