MLN VanEck Long Muni ETF

ETF 16.49 Delayed

ETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

MLN $16.49 —
Key stats
$16.49
52-Week Range
$16.04 – $17.82
YTD
-6.25%
IV Rank (30D)
2.92
Straddle Price
$1.48
P/C Vol Ratio
0.00
Open
$16.59
Day Range
$16.45 – $16.59
Volume
1,604,451
Prev Close
$16.50
About

VanEck Long Muni ETF (MLN) ETF

No description available.

Exchange
BATS
Inception
2008-01-02
Has Options
Yes
Homepage
https://www.vaneck.com/us/en/investments/etf/
Fund profile
holdings as of Oct 19, 2026issuer datathrough Jul 2026flows, SEC filings
Municipal Bond National Muni#21 of 70 by assets VanEck US Index-tracking
Expense ratio
0.24%
issuer, Oct 21, 2026
Assets
$730M
issuer-reported, Oct 19, 2026
Trailing yield
4.11%
paid monthly
Average daily volume
$19M
30 sessions
Holdings
690
top 10 are 6.2%
Listed
Jan 2, 2008
Cboe BZX
Closure risk, 12 months
0.3%
low · model
Tracking difference
-0.21 pts
vs index, after fees, FY 2026
FrenzyCap ETF score
72
how it is built
Cost55
Liquidity76
Scale69
Diversification100

Moves with. Long Treasuries (27% of its variance, beta 0.27); US large-cap stocks (8% of its variance, beta 0.10). These factors explain 40% of its daily moves over the last year.

Stated objective. VanEck Long Muni ETF (the Fund) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE Long AMT-Free Broad National Municipal Index (the Long Index). (from the fund's prospectus)

All 690 holdingsFlow historyOverlap toolAll National Muni ETFs

Fund flows
through Jul 2026SEC filings
Jul 2026
−$4.4M
latest reported month
Latest 3 months
−$14M
−2.1% of assets
Latest 12 months
+$151M
+22.3% of assets
Aug 2025: +$26MSep 2025: +$42M+$42MSepOct 2025: +$36MNov 2025: +$7.9MNovDec 2025: +$879KJan 2026: $0JanFeb 2026: −$3.5MMar 2026: +$37MMarApr 2026: +$19MMay 2026: +$7.0MMayJun 2026: −$17M−$17MJul 2026: −$4.4MJul
View as a table
Net flows of MLN by month, Aug 2025 to Jul 2026
MonthNet flow
Jul 2026−$4.4M
Jun 2026−$17M
May 2026+$7.0M
Apr 2026+$19M
Mar 2026+$37M
Feb 2026−$3.5M
Jan 2026$0
Dec 2025+$879K
Nov 2025+$7.9M
Oct 2025+$36M
Sep 2025+$42M
Aug 2025+$26M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago

Similar funds
FundOverlapFeeAssets1Y
MUBiShares National Muni Bond ETF—0.05%$51.7B−4.7%compare
VTEBVanguard Tax-Exempt Bond Index Fund—0.03%$50.4B−5.0%compare
JMUBJPMorgan Municipal ETF—0.18%$8.7B−4.9%compare
CGMUCapital Group Municipal Income ETF—0.27%$7.2B−4.0%compare
PZAInvesco National AMT-Free Municipal Bond ETF—0.28%$4.1B−8.0%compare

The largest other funds in the National Muni category.

Under the hood
fiscal year to Apr 30, 2026SEC census
Authorized participants
7 active
of 41 with agreements; top 3 did 70%
Created · redeemed
$185M · $35M
over the fiscal year
Redemptions in kind
103%
creations 0% in kind
Creation unit
50,000
shares
Securities lending
not authorized
Return vs index
-0.21 pts
after fees; +0.05 before; daily s.d. 0.15

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-10-20
Holdings
694
AUM
$730.7M
Provider
VanEck
Inception
2008-01-02
Exchange
BATS
Data As Of
2026-10-20
Expense Ratio
0.24%
Dividend Yield
4.11%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-10-01 2026-10-06 $0.0541 CD
2026-09-01 2026-09-04 $0.0572 CD
2026-08-03 2026-08-06 $0.0601 CD
2026-07-01 2026-07-07 $0.0691 CD
2026-06-01 2026-06-04 $0.0465 CD
2026-05-01 2026-05-06 $0.0545 CD
Asset Allocation
Top Holdings
top 50 of 694 holdings
Symbol Name Weight % Asset Class Country
— Denton Independent School District 1.02% Corporate Bond US
— Salt River Project Agricultural Improve 0.92% Corporate Bond —
— State Of Ohio 0.64% Corporate Bond US
— City Of Houston Tx Hotel Occupancy Tax 0.63% Corporate Bond —
— City Of New York Ny 0.62% Corporate Bond US
— New York State Dormitory Authority 0.49% Corporate Bond US
— State Of Hawaii Airports System Revenue 0.48% Corporate Bond US
— Washington State Housing Finance Commis 0.46% Corporate Bond —
— North Carolina Turnpike Authority 0.45% Corporate Bond US
— County Of Miami-Dade Fl Water & Sewer S 0.43% Corporate Bond —
— Onondaga Civic Development Corp 0.43% Corporate Bond US
— City Of Los Angeles Department Of Airpo 0.43% Corporate Bond —
— Texas Transportation Finance Corp 0.42% Corporate Bond US
— Colorado Bridge & Tunnel Enterprise 0.42% Corporate Bond US
— New York City Municipal Water Finance A 0.42% Municipal Bond —
— New York State Dormitory Authority 0.42% Corporate Bond US
— District Of Columbia Income Tax Revenue 0.41% Corporate Bond US
— City Of New York Ny 0.41% Corporate Bond US
— Commonwealth Of Massachusetts 0.41% Corporate Bond US
— New York State Thruway Authority 0.41% Corporate Bond US
— Texas Water Development Board 0.41% Corporate Bond US
— New Hampshire Health And Education Faci 0.40% Corporate Bond —
— Ohio State University/The 0.40% Corporate Bond US
— Texas Water Development Board 0.39% Corporate Bond US
— Commonwealth Of Massachusetts 0.38% Corporate Bond US
— New York City Housing Development Corp 0.37% Corporate Bond US
— State Of Washington 0.36% Corporate Bond US
— Geisinger Authority 0.36% Corporate Bond US
— Commonwealth Of Massachusetts Transport 0.36% Corporate Bond —
— Los Angeles Department Of Water & Power 0.35% Corporate Bond US
— Ohio Water Development Authority 0.35% Corporate Bond US
— City Of New York Ny 0.34% Corporate Bond US
— South Dakota Conservancy District 0.34% Corporate Bond US
— County Of Jefferson Al Sewer Revenue 0.33% Corporate Bond US
— North Carolina Housing Finance Agency 0.32% Corporate Bond US
— Washington Suburban Sanitary Commission 0.32% Corporate Bond US
— California State Public Works Board 0.31% Corporate Bond US
— State Of Michigan Trunk Line Revenue 0.28% Corporate Bond US
— District Of Columbia Income Tax Revenue 0.28% Corporate Bond US
— New York State Dormitory Authority 0.28% Corporate Bond US
— Salt River Project Agricultural Improve 0.28% Corporate Bond —
— New Jersey Transportation Trust Fund Au 0.28% Corporate Bond —
— New York City Transitional Finance Auth 0.28% Corporate Bond US
— University Of California 0.28% Corporate Bond US
— San Diego Unified School District/Ca 0.28% Corporate Bond US
— Lamar Consolidated Independent School D 0.28% Corporate Bond —
— Los Angeles Department Of Water & Power 0.28% Corporate Bond US
— Triborough Bridge & Tunnel Authority 0.28% Corporate Bond US
— Texas Transportation Finance Corp 0.28% Corporate Bond US
— Timpanogos Special Service District 0.28% Corporate Bond US
Non-Equity Breakdown
VanEck Long Muni ETF · NPORT-P period 2026-07-31 (filed 2026-09-25)
Net assets: $678M · 654 total positions · equity 0.00% · non-equity 98.53%
Non-equity holdings — 654 positions, 98.53% of NAV
Category Weight Value Positions
Municipal 98.53% $668.0M 654
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan0.48%-4.26%4.17%-0.60%-0.39%-0.20%-0.13%
Feb-2.78%-1.25%-3.84%-0.17%1.35%1.66%-0.84%
Mar0.85%-5.39%3.21%-0.44%-2.85%-1.52%-1.02%
Apr1.12%-6.20%0.22%-1.12%-1.38%0.92%-1.07%
May0.88%3.45%-0.00%0.17%-1.11%0.09%0.58%
Jun0.60%-5.26%1.13%1.02%0.96%1.22%-0.05%
Jul0.64%3.47%0.08%1.80%-1.25%-1.95%0.47%
Aug-0.75%-4.71%-1.97%-0.14%0.57%-0.40%-1.23%
Sep-1.22%-4.86%-3.63%1.22%4.36%-4.31%-1.41%
Oct-0.09%-2.69%-1.88%-1.97%1.43%0.73%*-0.74%
Nov1.54%8.14%8.73%2.41%-0.73%--4.02%
Dec-0.29%-2.08%2.87%-2.03%0.12%---0.28%
Total0.90%-20.52%8.73%0.04%0.90%-3.84%-2.30%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $16.34
SMA 50: $16.78
SMA 200: $17.37
Current: $16.49
EMA 12: $16.43
EMA 26: $16.50
MACD: -0.0656 | Signal: 0.0604
BEARISH
ADX (14): 32.08
TREND
+DI: 26.14
−DI: 24.49

Momentum Oscillators

RSI (14): 49.16
NEUTRAL
Stoch %K: 77.40
Stoch %D: 81.92
Williams %R: -23.73

Volume & Volatility

BB Upper: $16.63
BB Lower: $16.06
NEUTRAL
OBV: -3,960,324
Vol SMA 20: 1,404,566
Vol ROC: -20.05%
ATR: $0.15
True Range: $0.14
HV 20: 11.3%
HV 30: 10.4%
HV 60: 8.3%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

MLN Options Activity & IV Rank

MLN IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 18.4%
7-DTE IV: —
Expected Move: $1.48
7-DTE Move: $1.48
Days to Exp: 30 (2026-11-20)

Options Flow

Call Volume: 50
Put Volume: 0
P/C Volume: —
BULLISH
Call OI: 50
Put OI: 0
P/C OI: —
Total OI: 50

ATM Options Pricing

ATM Call: $0.88
ATM Put: $0.60
Call %: 5.3%
Put %: 3.6%

Chain Summary

Chain Volume: 151
Chain OI: 151
Last Updated: 10/21/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
as of Oct 21 · No data
30 DTE / 10d —
— pts EXTREME
as of Oct 21 · ATM 18.9% / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)2.9LowOct 21
Straddle Price (30 DTE)$1.48Oct 21
Beta Analysis

Risk Metrics

Beta: 0.1584
Alpha: -9.50%
Correlation: 0.3648
R-Squared: 13.3%
Stock Volatility: 5.5%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

MLN Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

144 filers36,868,730 shares$651.26M value
# Filer Shares Value % of Total % of Float Period
1 Envestnet Asset Management, Inc. 6,744,514 $119.92M 18.41% — 2026-06-30
2 Kestra Investment Management, LLC 3,967,998 $70.55M 10.83% — 2026-06-30
3 Bank of America Corp Custodian 3,512,008 $62.44M 9.59% — 2026-06-30
4 LPL Financial LLC Custodian 2,161,917 $38.44M 5.90% — 2026-06-30
5 Raymond James Financial, Inc. Custodian 1,584,685 $28.18M 4.33% — 2026-06-30
6 Bank of New York Mellon Corp Custodian 1,452,386 $25.82M 3.97% — 2026-06-30
7 Bramshill Investments, LLC 1,244,176 $22.12M 3.40% — 2026-06-30
8 Morgan Stanley Custodian 1,083,762 $19.27M 2.96% — 2026-06-30
9 Wells Fargo & Company Custodian 912,106 $16.22M 2.49% — 2026-06-30
10 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 969,982 $15.83M 2.43% — 2026-09-30
11 Willis Johnson & Associates, Inc. 763,819 $13.58M 2.09% — 2026-06-30
12 Tortoise Investment Management, LLC 634,387 $11.28M 1.73% — 2026-06-30
13 HighTower Advisors, LLC 588,787 $10.47M 1.61% — 2026-06-30
14 Jane Street Group, LLC Custodian 588,510 $10.46M 1.61% — 2026-06-30
15 Hennion & Walsh Asset Management, Inc. 608,311 $9.93M 1.52% — 2026-09-30
16 Northwestern Mutual Wealth Management Co 517,835 $9.21M 1.41% — 2026-06-30
17 JPMorgan Chase & Co Custodian 515,184 $9.18M 1.41% — 2026-06-30
18 MML INVESTORS SERVICES, LLC 480,404 $8.54M 1.31% — 2026-06-30
19 Manhattan West Asset Management, LLC 466,030 $8.29M 1.27% — 2026-06-30
20 Keystone Financial Group 413,409 $7.35M 1.13% — 2026-06-30
21 Cyndeo Wealth Partners, LLC 439,630 $7.18M 1.10% — 2026-09-30
22 ABLE Financial Group, LLC 412,252 $6.73M 1.03% — 2026-09-30
23 NICOLET BANKSHARES INC 372,507 $6.62M 1.02% — 2026-06-30
24 MidWestOne Financial Group, Inc. 369,222 $6.47M 0.99% — 2025-12-31
25 Cetera Investment Advisers Custodian 301,474 $5.36M 0.82% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
198.06K
SI % of Float
0.47%
Days to Cover
1.00
Short Vol Ratio
37.3%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month