VanEck Intermediate Muni ETF (BATS:ITM) Sees Significant Growth in Short Interest

VanEck Intermediate Muni ETF (BATS:ITMGet Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 73,625 shares, an increase of 185.4% from the June 30th total of 25,799 shares. Based on an average trading volume of 176,604 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

VanEck Intermediate Muni ETF Stock Performance

BATS:ITM opened at $46.06 on Wednesday. VanEck Intermediate Muni ETF has a one year low of $45.29 and a one year high of $48.02. The business has a fifty day moving average price of $46.70 and a 200-day moving average price of $46.96.

Institutional Trading of VanEck Intermediate Muni ETF

Several hedge funds have recently bought and sold shares of the stock. Blair William & Co. IL lifted its position in shares of VanEck Intermediate Muni ETF by 163.5% during the 3rd quarter. Blair William & Co. IL now owns 527 shares of the company’s stock valued at $25,000 after buying an additional 327 shares in the last quarter. Blue Trust Inc. increased its holdings in VanEck Intermediate Muni ETF by 96.0% in the 1st quarter. Blue Trust Inc. now owns 633 shares of the company’s stock worth $29,000 after acquiring an additional 310 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in VanEck Intermediate Muni ETF in the 4th quarter worth approximately $34,000. City Holding Co. bought a new stake in VanEck Intermediate Muni ETF during the 4th quarter worth approximately $51,000. Finally, Advisory Services Network LLC bought a new stake in VanEck Intermediate Muni ETF during the 3rd quarter worth approximately $83,000.

About VanEck Intermediate Muni ETF

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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.

Further Reading

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