SMB VanEck Short Muni ETF

ETF 17.10 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.

SMB $17.10 —
Key stats
$17.10
52-Week Range
$16.82 – $17.53
YTD
-1.84%
IV Rank (30D)
100.0
Straddle Price
$0.75
Open
$17.18
Day Range
$17.07 – $17.18
Volume
354,460
Prev Close
$17.05
About

VanEck Short Muni ETF (SMB) ETF

No description available.

Exchange
BATS
Inception
2008-02-22
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 Short Muni#13 of 27 by assets VanEck US Index-tracking
Expense ratio
0.07%
issuer, Oct 21, 2026
Assets
$380M
issuer-reported, Oct 19, 2026
Trailing yield
2.84%
paid monthly
Average daily volume
$5.9M
30 sessions
Holdings
355
top 10 are 9.8%
Listed
Feb 22, 2008
Cboe BZX
Last fee change
-13 bp
filed Jun 20, 2023
Closure risk, 12 months
0.5%
low · model
Tracking difference
+0.04 pts
vs index, after fees, FY 2026
FrenzyCap ETF score
79
how it is built
Cost94
Liquidity59
Scale58
Diversification100

Moves with. Long Treasuries (20% of its variance, beta 0.12). These factors explain 22% of its daily moves over the last year, so most of what drives this fund is something else.

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

All 355 holdingsFlow historyOverlap toolAll Short Muni ETFs

Fund flows
through Jul 2026SEC filings
Jul 2026
$0
latest reported month
Latest 3 months
+$8.7M
+2.8% of assets
Latest 12 months
+$33M
+10.6% of assets
Aug 2025: +$4.3MSep 2025: +$872KSepOct 2025: +$4.3MNov 2025: +$1.7MNovDec 2025: +$3.5MJan 2026: +$5.2MJanFeb 2026: $0Mar 2026: +$4.3MMarApr 2026: $0May 2026: $0MayJun 2026: +$8.7M+$8.7MJul 2026: $0Jul
View as a table
Net flows of SMB by month, Aug 2025 to Jul 2026
MonthNet flow
Jul 2026$0
Jun 2026+$8.7M
May 2026$0
Apr 2026$0
Mar 2026+$4.3M
Feb 2026$0
Jan 2026+$5.2M
Dec 2025+$3.5M
Nov 2025+$1.7M
Oct 2025+$4.3M
Sep 2025+$872K
Aug 2025+$4.3M

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
SUBiShares Short-Term National Muni Bond ETF—0.07%$13.0B−1.4%compare
JMSTJPMorgan Ultra-Short Municipal Income ETF—0.18%$8.0B−0.4%compare
SHMState Street SPDR Nuveen ICE Short Term Municipal Bond ETF—0.20%$3.5B−2.2%compare
VTESVanguard Short-Term Tax-Exempt Bond ETF—0.05%$2.0B−2.1%compare
CGSMCapital Group Short Duration Municipal Income ETF—0.25%$1.7B−1.6%compare

The largest other funds in the Short Muni category.

Under the hood
fiscal year to Apr 30, 2026SEC census
Authorized participants
6 active
of 41 with agreements; top 3 did 80%
Created · redeemed
$40M · $3.5M
over the fiscal year
Redemptions in kind
98%
creations 0% in kind
Creation unit
50,000
shares
Securities lending
not authorized
Return vs index
+0.04 pts
after fees; +0.77 before; daily s.d. 0.10

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
358
AUM
$383.6M
Provider
VanEck
Inception
2008-02-22
Exchange
BATS
Data As Of
2026-10-20
Expense Ratio
0.07%
Dividend Yield
2.83%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-10-01 2026-10-06 $0.0393 CD
2026-09-01 2026-09-04 $0.0413 CD
2026-08-03 2026-08-06 $0.0435 CD
2026-07-01 2026-07-07 $0.0467 CD
2026-06-01 2026-06-04 $0.0356 CD
2026-05-01 2026-05-06 $0.0387 CD
Asset Allocation
Top Holdings
top 50 of 358 holdings
Symbol Name Weight % Asset Class Country
— State Of Ohio 1.80% Corporate Bond US
— State Of Maryland Department Of Transpo 1.10% Corporate Bond —
— Philadelphia Housing Authority 1.07% Corporate Bond US
— Massachusetts Development Finance Agenc 0.86% Corporate Bond —
— New York City Transitional Finance Auth 0.85% Corporate Bond US
— Charlotte-Mecklenburg Hospital Authorit 0.84% Corporate Bond —
— Indiana Finance Authority 0.84% Corporate Bond US
— Black Belt Energy Gas District 0.81% Corporate Bond US
— State Of California 0.81% Corporate Bond US
— Southeast Energy Authority A Cooperativ 0.77% Corporate Bond —
— Commonwealth Of Massachusetts 0.76% Corporate Bond US
— Tobacco Settlement Financing Corp 0.75% Corporate Bond US
— City Of New York Ny 0.73% Corporate Bond US
— State Of New Jersey 0.73% Corporate Bond US
— New York City Industrial Development Ag 0.70% Corporate Bond —
— New York State Dormitory Authority 0.70% Corporate Bond US
— State Of Illinois 0.69% Corporate Bond US
— Kansas Development Finance Authority 0.69% Corporate Bond US
— State Of California 0.69% Corporate Bond US
— State Of Maryland 0.68% Corporate Bond US
— Southeast Energy Authority A Cooperativ 0.67% Corporate Bond —
— New York City Housing Development Corp 0.67% Corporate Bond US
— Commonwealth Of Massachusetts 0.63% Corporate Bond US
— California Statewide Communities Develo 0.61% Corporate Bond —
— Massachusetts Water Resources Authority 0.57% Corporate Bond US
— Pittsburgh Water & Sewer Authority 0.57% Corporate Bond US
— New Jersey Educational Facilities Autho 0.56% Corporate Bond —
— Colorado Health Facilities Authority 0.56% Corporate Bond US
— County Of King Wa 0.56% Corporate Bond US
— Georgia State Road & Tollway Authority 0.55% Corporate Bond US
— State Of Connecticut 0.55% Corporate Bond US
— California Community Choice Financing A 0.55% Corporate Bond —
— Omaha Public Power District 0.55% Corporate Bond US
— Tennessee Energy Acquisition Corp 0.54% Corporate Bond US
— City Of Orlando Fl Tourist Development 0.54% Corporate Bond —
— Nebraska Public Power District 0.54% Corporate Bond US
— Energy Northwest 0.54% Corporate Bond US
— State Of Ohio 0.54% Corporate Bond US
— Main Street Natural Gas Inc 0.54% Corporate Bond US
— Central Florida Expressway Authority 0.54% Corporate Bond US
— Main Street Natural Gas Inc 0.54% Corporate Bond US
— City Of Chicago Il 0.53% Corporate Bond US
— Fort Bend Independent School District 0.53% Corporate Bond US
— Texas Water Development Board 0.53% Corporate Bond US
— City & County Of Honolulu Hi 0.53% Corporate Bond US
— Conroe Independent School District 0.53% Corporate Bond US
— State Of Georgia 0.53% Corporate Bond US
— New York City Industrial Development Ag 0.52% Corporate Bond —
— State Of California 0.50% Corporate Bond US
— Los Angeles Unified School District/Ca 0.48% Corporate Bond US
Non-Equity Breakdown
VanEck Short Muni ETF · NPORT-P period 2026-07-31 (filed 2026-09-25)
Net assets: $311M · 329 total positions · equity 0.00% · non-equity 98.47%
Non-equity holdings — 329 positions, 98.47% of NAV
Category Weight Value Positions
Municipal 98.47% $306.7M 329
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan0.39%-2.01%0.95%0.18%0.44%-0.01%-0.01%
Feb-0.93%-0.29%-1.64%-0.12%0.55%0.66%-0.29%
Mar0.39%-2.31%1.80%-0.29%-0.41%-0.89%-0.28%
Apr0.17%-1.43%-0.65%-0.06%-0.35%0.20%-0.35%
May0.17%1.60%-0.27%-0.27%0.76%0.38%0.40%
Jun0.14%0.12%0.45%0.71%0.79%0.38%0.43%
Jul0.35%0.35%0.24%0.97%0.32%-0.43%0.30%
Aug-0.06%-1.49%0.05%0.73%0.23%0.09%-0.07%
Sep-0.39%-1.45%-0.65%0.46%0.75%-1.40%-0.45%
Oct-0.17%-0.66%0.12%-0.52%-0.23%1.30%*-0.03%
Nov0.06%1.82%2.25%0.64%0.32%--1.02%
Dec-0.17%0.12%0.26%-0.64%0.52%--0.02%
Total-0.06%-5.58%2.89%1.79%3.74%0.25%0.51%
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: $16.97
SMA 50: $17.08
SMA 200: $17.27
Current: $17.10
EMA 12: $17.04
EMA 26: $17.03
MACD: 0.0100 | Signal: 0.0256
BEARISH
ADX (14): 32.71
TREND
+DI: 27.95
−DI: 11.60

Momentum Oscillators

RSI (14): 56.65
NEUTRAL
Stoch %K: 70.70
Stoch %D: 75.37
Williams %R: -24.25

Volume & Volatility

BB Upper: $17.15
BB Lower: $16.80
NEUTRAL
OBV: 569,376
Vol SMA 20: 472,758
Vol ROC: -84.41%
ATR: $0.08
True Range: $0.13
HV 20: 5.3%
HV 30: 4.7%
HV 60: 3.6%

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.

News
All SMB news →

SMB Options Activity & IV Rank

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

Volatility Metrics

Current IV: 215.2%
7-DTE IV: —
Expected Move: $0.75
7-DTE Move: $0.75
Days to Exp: 30 (2026-11-20)

Options Flow

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

ATM Options Pricing

ATM Call: $0.75
ATM Put: $0.00
Call %: 4.4%
Put %: 0.0%

Chain Summary

Chain Volume: 0
Chain OI: 0
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 · No data

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)100.0HighOct 21
Straddle Price (30 DTE)$0.75Oct 21
Beta Analysis

Risk Metrics

Beta: 0.0353
Alpha: -2.19%
Correlation: 0.1932
R-Squared: 3.7%
Stock Volatility: 2.3%
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

SMB 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.

112 filers13,980,854 shares$242.28M value
# Filer Shares Value % of Total % of Float Period
1 Allworth Financial LP Custodian 2,276,569 $39.50M 16.30% — 2026-06-30
2 Bank of America Corp Custodian 1,541,824 $26.75M 11.04% — 2026-06-30
3 Morgan Stanley Custodian 867,464 $15.05M 6.21% — 2026-06-30
4 Raymond James Financial, Inc. Custodian 811,871 $14.09M 5.81% — 2026-06-30
5 JPMorgan Chase & Co Custodian 718,190 $12.46M 5.14% — 2026-06-30
6 Savant Capital, LLC 597,809 $10.36M 4.27% — 2026-06-30
7 LPL Financial LLC Custodian 595,415 $10.33M 4.26% — 2026-06-30
8 Wells Fargo & Company Custodian 589,883 $10.23M 4.22% — 2026-06-30
9 Stifel Financial Corp Custodian 458,149 $7.95M 3.28% — 2026-06-30
10 Ameriprise Financial, Inc. Custodian 390,628 $6.78M 2.80% — 2026-06-30
11 UBS Group AG Custodian 352,364 $6.11M 2.52% — 2026-06-30
12 SEI INVESTMENTS CO Custodian 270,992 $4.70M 1.94% — 2026-06-30
13 MY Wealth Management Inc. 258,905 $4.49M 1.85% — 2026-06-30
14 Cerity Partners LLC Custodian 239,576 $4.16M 1.72% — 2026-06-30
15 CONDOR CAPITAL MANAGEMENT 228,497 $3.96M 1.64% — 2026-06-30
16 NICOLET BANKSHARES INC 208,000 $3.61M 1.49% — 2026-06-30
17 MidWestOne Financial Group, Inc. 206,858 $3.60M 1.49% — 2025-12-31
18 Willis Johnson & Associates, Inc. 204,147 $3.54M 1.46% — 2026-06-30
19 INDEPENDENT FINANCIAL GROUP, LLC 197,140 $3.34M 1.38% — 2026-09-30
20 IMPACTfolio, LLC 174,525 $3.03M 1.25% — 2026-06-30
21 Janney Montgomery Scott LLC 146,268 $2.54M 1.05% — 2026-06-30
22 Janney Capital Management LLC 144,165 $2.51M 1.04% — 2025-12-31
23 MML INVESTORS SERVICES, LLC 130,814 $2.27M 0.94% — 2026-06-30
24 Gradient Investments LLC 133,993 $2.27M 0.94% — 2026-09-30
25 Valeo Financial Advisors, LLC 131,379 $2.22M 0.92% — 2026-09-30
# 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
198.05K
SI % of Float
0.91%
Days to Cover
1.08
Short Vol Ratio
58.2%
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