SMI Stock Summary and Trading Ideas (Vaneck Hip Sustainable Muni ETF | BATS:SMI)

The VanEck HIP Sustainable Muni ETF (SMI) is an actively managed exchange-traded fund ( ETF ) that seeks current income generally exempt from federal income tax by investing in investment grade municipal debt securities that have been issued to fund operations or projects that support or advance sustainable development, as well as promote positive social and environmental outcomes.

Vaneck Hip Sustainable Muni ETF trades on the BATS stock market under the symbol SMI.

As of April 24, 2024, SMI stock price was flat at $45.74 with 1 million shares trading.

SMI has a market cap of $18.30 million. This is considered a Sub-Micro Cap stock.

SMI has underperformed the market in the last year with a return of +2.7%, while the SPY ETF gained +24.2%. In the last 3 month period, SMI fell short of the market, returning -0.1%, while SPY returned +4.6%. However, in the most recent 2 weeks SMI has outperformed the stock market by returning -0.2%, while SPY returned -2.7%.

SMI support price is $45.62 and resistance is $45.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SMI stock will trade within this expected range on the day.