SMB - VanEck Short Muni ETF
The VanEck Short Muni ETF (SMB) strives to mirror as accurately as possible the price movements and income generation of the ICE Short AMT-Free Broad National Municipal Index (MBNS). This goal is pursued prior to the impact of any fees and expenses. The MBNS index itself is designed to observe the comprehensive performance of the U.
As of Jun 30, 2026: spot at $17.36, ATM IV 41.5%, max pain $18.00, net GEX $137.
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Market Cap
- $305.4M
- Beta
- 0.33
- 52-Week Range
- 17.21-17.53
- Dividend Yield
- $0.47
- IPO Date
- Feb 28, 2008
- Exchange
- CBOE
What SMB Looks Like to Options Traders Today
IV rank of 33.1% sits near the 1-year median, where strategy choice depends on directional conviction and the event calendar rather than vol regime alone; positive net gamma exposure ($137) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.002) is roughly flat across the wings.
What This Page Covers
The SMB overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked SMB overview questions
- What is SMB?
- SMB is the ticker symbol for VanEck Short Muni ETF, an listed exchange-traded fund. The VanEck Short Muni ETF (SMB) strives to mirror as accurately as possible the price movements and income generation of the ICE Short AMT-Free Broad National Municipal Index (MBNS). This goal is pursued prior to the impact of any fees and expenses. Listed on CBOE. SMB is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the SMB options snapshot look like today?
- As of Jun 30, 2026, the SMB options snapshot shows spot at $17.36, ATM IV 41.5%, IV rank 33.1%, max pain $18.00, net GEX $137, expected move 11.90%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are SMB's key statistics?
- VanEck Short Muni ETF (SMB) carries a market capitalization of $305.4M, 52-week range of 17.21-17.53. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does SMB belong to?
- VanEck Short Muni ETF operates in the Financial Services sector, in the Asset Management - Bonds industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare SMB's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the SMB data on this page?
- The options snapshot above is dated Jun 30, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.