Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) Sees Significant Increase in Short Interest

Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENMGet Free Report) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 5,833 shares, an increase of 158.2% from the April 15th total of 2,259 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 13,176 shares, the days-to-cover ratio is presently 0.4 days.

Genter Capital Municipal Quality Intermediate ETF Price Performance

NYSEARCA GENM traded down $0.03 during trading on Friday, hitting $10.25. 3,770 shares of the company’s stock traded hands, compared to its average volume of 16,472. Genter Capital Municipal Quality Intermediate ETF has a 12-month low of $10.08 and a 12-month high of $11.12. The business has a 50 day moving average of $10.31 and a 200-day moving average of $10.33.

Genter Capital Municipal Quality Intermediate ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were given a dividend of $0.0249 per share. This is a boost from Genter Capital Municipal Quality Intermediate ETF’s previous monthly dividend of $0.02. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, February 26th.

Institutional Investors Weigh In On Genter Capital Municipal Quality Intermediate ETF

A hedge fund recently raised its stake in Genter Capital Municipal Quality Intermediate ETF stock. Bank of New York Mellon Corp increased its stake in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENMFree Report) by 54.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,632,827 shares of the company’s stock after purchasing an additional 576,924 shares during the period. Bank of New York Mellon Corp owned approximately 64.79% of Genter Capital Municipal Quality Intermediate ETF worth $16,719,000 as of its most recent SEC filing.

About Genter Capital Municipal Quality Intermediate ETF

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The Genter Capital Municipal Quality Intermediate ETF (GENM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed basket of investment grade municipal securities exempt from federal income taxes. It targets an intermediate portfolio duration and maturity while seeking current income and capital appreciation. GENM was launched on May 21, 2024 and is issued by Genter Capital.

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