When a company such as Vaneck Etf Trust Vaneck Short Muni Etf splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the SMB split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Vaneck Etf Trust Vaneck Short Muni Etf shares, starting with a $10,000 purchase of SMB, presented on a split-history-adjusted basis factoring in the complete SMB split history.

About Vaneck Etf Trust Vaneck Short Muni Etf

Market Vectors Short Municipal Index ETF is an open-end management investment company. The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Barclays AMT-Free Short Continuous Municipal Index. The fund normally invests at least 80% of its total assets in fixed income securities that comprise the Short Index. The Short Index is comprised of publicly traded municipal bonds that cover the U.S. dollar denominated short-term tax-exempt bond market. As of Apr 30 2013, the Fund's total assets were $205,540,725 and its investment portfolio was valued at $202,913,109. According to our SMB split history records, Vaneck Etf Trust Vaneck Short Muni Etf has had 1 split.

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