VanEck Intermediate Muni ETF (BATS:ITM) Short Interest Down 52.2% in June

VanEck Intermediate Muni ETF (BATS:ITM) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 25,799 shares, a decrease of 52.2% from the June 15th total of 53,979 shares. Based on an average trading volume of 213,216 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

VanEck Intermediate Muni ETF Price Performance

ITM opened at $46.65 on Tuesday. The company’s 50 day simple moving average is $46.77 and its two-hundred day simple moving average is $47.03. VanEck Intermediate Muni ETF has a 1-year low of $45.13 and a 1-year high of $48.02.

Institutional Investors Weigh In On VanEck Intermediate Muni ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Fulton Bank N.A. boosted its stake in VanEck Intermediate Muni ETF by 0.9% during the second quarter. Fulton Bank N.A. now owns 82,911 shares of the company’s stock worth $3,896,000 after buying an additional 750 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in VanEck Intermediate Muni ETF by 15.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 5,434 shares of the company’s stock valued at $255,000 after buying an additional 740 shares in the last quarter. Sax Wealth Advisors LLC acquired a new stake in shares of VanEck Intermediate Muni ETF in the 2nd quarter worth $277,000. Gradient Investments LLC increased its stake in shares of VanEck Intermediate Muni ETF by 3.5% in the 2nd quarter. Gradient Investments LLC now owns 13,916 shares of the company’s stock worth $654,000 after acquiring an additional 472 shares during the last quarter. Finally, FOCUS Wealth Advisors LLC raised its holdings in shares of VanEck Intermediate Muni ETF by 1.0% during the 2nd quarter. FOCUS Wealth Advisors LLC now owns 184,357 shares of the company’s stock worth $8,663,000 after acquiring an additional 1,834 shares during the period.

About VanEck Intermediate Muni ETF

The VanEck Intermediate Muni ETF (ITM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of investment grade, tax-exempt US municipal bonds with nominal maturities of 6-17 years. ITM was launched on Dec 4, 2007 and is managed by VanEck.