VanEck Long Muni ETF(MLN · ETF)

ETF quote, holdings, sector allocation, technicals, and options analytics.

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 $17.33
Snapshot
$17.33
52-Week Range
$16.52 – $17.82
YTD
-1.48%
IV Rank (30D)
10.44
Straddle Price
$1.38
Info

VanEck Long Muni ETF (MLN) ETF

Exchange
BATS
Inception
2008-01-02
Has Options
Yes
ETF Profile
holdings as of 2026-07-22
Holdings
660
AUM
$682.4M
Provider
VanEck
Inception
2008-01-02
Exchange
BATS
Data As Of
2026-07-22
Expense Ratio
0.24%
Dividend Yield
3.86%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
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
2026-04-01 2026-04-07 $0.0603 CD
2026-03-02 2026-03-05 $0.0509 CD
2026-02-02 2026-02-05 $0.0577 CD
Asset Allocation
Top Holdings
top 50 of 660 holdings
Symbol Name Weight % Asset Class Country
City Of New York Ny 0.71% Corporate Bond
City Of Houston Tx Hotel Occupancy Tax 0.71% Corporate Bond
Salt River Project Agricultural Improve 0.54% Corporate Bond
Washington State Housing Finance Commis 0.52% Corporate Bond
North Carolina Turnpike Authority 0.50% Corporate Bond
Texas Transportation Finance Corp 0.48% Corporate Bond
New York State Dormitory Authority 0.48% Corporate Bond
City Of Los Angeles Department Of Airpo 0.47% Corporate Bond
State Of Ohio 0.47% Corporate Bond
City Of New York Ny 0.47% Corporate Bond
Ohio State University/The 0.47% Corporate Bond
New York City Municipal Water Finance A 0.46% Municipal Bond
New York City Housing Development Corp 0.43% Corporate Bond
Commonwealth Of Massachusetts 0.43% Corporate Bond
County Of Miami-Dade Fl Water & Sewer S 0.42% Corporate Bond
State Of Washington 0.41% Corporate Bond
Geisinger Authority 0.41% Corporate Bond
Commonwealth Of Massachusetts Transport 0.40% Corporate Bond
City Of New York Ny 0.39% Corporate Bond
South Dakota Conservancy District 0.39% Corporate Bond
Los Angeles Department Of Water & Power 0.39% Corporate Bond
County Of Jefferson Al Sewer Revenue 0.38% Corporate Bond
Washington Suburban Sanitary Commission 0.37% Corporate Bond
Texas Water Development Board 0.37% Corporate Bond
New York State Dormitory Authority 0.35% Corporate Bond
California State Public Works Board 0.34% Corporate Bond
Onondaga Civic Development Corp 0.32% Corporate Bond
City Of New York Ny 0.32% Corporate Bond
Texas Transportation Finance Corp 0.32% Corporate Bond
State Of California 0.32% Corporate Bond
New York City Transitional Finance Auth 0.32% Corporate Bond
Lamar Consolidated Independent School D 0.32% Corporate Bond
Delaware State Health Facilities Author 0.31% Corporate Bond
District Of Columbia Income Tax Revenue 0.31% Corporate Bond
Los Angeles Department Of Water & Power 0.31% Corporate Bond
City Of San Antonio Tx Electric & Gas S 0.31% Corporate Bond
San Diego Unified School District/Ca 0.31% Corporate Bond
Michigan State Hospital Finance Authori 0.31% Corporate Bond
New York State Dormitory Authority 0.31% Corporate Bond
Colorado Bridge & Tunnel Enterprise 0.31% Corporate Bond
Triborough Bridge & Tunnel Authority 0.31% Corporate Bond
Illinois State Toll Highway Authority 0.31% Corporate Bond
Timpanogos Special Service District 0.31% Corporate Bond
New York State Urban Development Corp 0.31% Corporate Bond
University Of California 0.31% Corporate Bond
New York State Urban Development Corp 0.30% Corporate Bond
Georgia Housing & Finance Authority 0.30% Corporate Bond
Commonwealth Of Massachusetts Transport 0.30% Corporate Bond
South Carolina Public Service Authority 0.30% Corporate Bond
Massachusetts Development Finance Agenc 0.30% Corporate Bond
Non-Equity Breakdown
VanEck Long Muni ETF · NPORT-P period 2026-04-30 (filed 2026-03-27)
Net assets: $646M · 651 total positions · equity 0.00% · non-equity 98.24%
Non-equity holdings — 651 positions, 98.24% of NAV
Category Weight Value Positions
Municipal 98.24% $634.3M 651
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan -0.49% 6
Feb -0.77% 6
Mar -1.09% 6
Apr -0.84% 6
May +0.22% 6
Jun -0.21% 6
Jul +0.25% 6
Aug -1.66% 5
Sep -0.86% 5
Oct -1.42% 5
Nov +4.14% 5
Dec +0.14% 5
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: $17.65
SMA 50: $17.60
SMA 200: $17.59
Current: $17.33
EMA 12: $17.56
EMA 26: $17.61
MACD: -0.0475 | Signal: -0.0387
BEARISH
ADX (14): 19.67
RANGE
+DI: 13.64
−DI: 48.26
Momentum Oscillators
RSI (14): 24.45
OVERSOLD
Stoch %K: 5.00
Stoch %D: 6.26
Williams %R: -92.16
Volume & Volatility
BB Upper: $17.88
BB Lower: $17.43
OVERSOLD
OBV: 1,217,321
Vol SMA 20: 148,390
Vol ROC: 89.70%
ATR: $0.07
True Range: $0.17
HV 20: 4.2%
HV 30: 4.3%
HV 60: 4.6%

Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-07-25T00:00:00 – 2026-07-23T00:00:00
AI Analysis

Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.

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

News
Options Activity
IV Rank (30D)
10.44
IV Rank (7D)
10.44
Avg IV
38.8%
Straddle (30D)
$1.38
Straddle (7D)
$1.38
Spread Scanner GPU

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
ATM — / Wing —
30 DTE / 10d
pts EXTREME
ATM — / 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)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
0.12
Correlation (SPY)
33.3%
0.11
Ann. Volatility
4.5%
SPY Volatility
12.7%

Low volatility - stock moves less than market

Beta & Alpha Over Time
Constituent Performance

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

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