Short Interest in VanEck Intermediate Muni ETF (BATS:ITM) Decreases By 49.6%

VanEck Intermediate Muni ETF (BATS:ITMGet Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 48,995 shares, a decrease of 49.6% from the July 30th total of 97,268 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 256,907 shares, the days-to-cover ratio is presently 0.2 days.

VanEck Intermediate Muni ETF Stock Performance

BATS ITM opened at $45.82 on Friday. The company’s fifty day moving average is $46.35 and its two-hundred day moving average is $46.74. VanEck Intermediate Muni ETF has a 52-week low of $45.45 and a 52-week high of $48.02.

Institutional Trading of VanEck Intermediate Muni ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Blair William & Co. IL boosted its stake in VanEck Intermediate Muni ETF by 163.5% during the third quarter. Blair William & Co. IL now owns 527 shares of the company’s stock worth $25,000 after buying an additional 327 shares in the last quarter. Blue Trust Inc. raised its position in VanEck Intermediate Muni ETF by 96.0% in the first quarter. Blue Trust Inc. now owns 633 shares of the company’s stock worth $29,000 after purchasing an additional 310 shares in the last quarter. First Bancorp Inc ME acquired a new stake in VanEck Intermediate Muni ETF during the second quarter valued at approximately $32,000. International Assets Investment Management LLC bought a new stake in shares of VanEck Intermediate Muni ETF in the 4th quarter valued at approximately $34,000. Finally, Compass Financial Management LLC acquired a new position in shares of VanEck Intermediate Muni ETF in the 2nd quarter worth approximately $53,000.

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.

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