Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 21,936 shares, a decline of 44.1% from the September 15th total of 39,220 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 13,009 shares, the days-to-cover ratio is presently 1.7 days.
Genter Capital Municipal Quality Intermediate ETF Trading Down 0.1%
Shares of GENM traded down $0.01 during midday trading on Friday, hitting $9.97. The stock had a trading volume of 28,439 shares, compared to its average volume of 15,477. Genter Capital Municipal Quality Intermediate ETF has a 1 year low of $9.77 and a 1 year high of $11.12. The stock’s 50 day moving average is $10.07 and its 200 day moving average is $10.20.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in Genter Capital Municipal Quality Intermediate ETF stock. Bank of New York Mellon Corp grew its stake in shares of Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM – Free Report) by 54.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,632,827 shares of the company’s stock after acquiring an additional 576,924 shares during the period. Bank of New York Mellon Corp owned about 64.79% of Genter Capital Municipal Quality Intermediate ETF worth $16,719,000 at the end of the most recent quarter.
Genter Capital Municipal Quality Intermediate ETF Company Profile
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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