Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM – Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 4,125 shares, a drop of 42.6% from the June 15th total of 7,189 shares. Based on an average daily trading volume, of 12,603 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.
Institutional Trading of 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 raised its stake in 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 fund owned 1,632,827 shares of the company’s stock after purchasing an additional 576,924 shares during the quarter. Bank of New York Mellon Corp owned 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 Trading Down 0.3%
Shares of NYSEARCA GENM traded down $0.03 during midday trading on Thursday, reaching $10.25. The company had a trading volume of 972 shares, compared to its average volume of 17,196. Genter Capital Municipal Quality Intermediate ETF has a one year low of $10.13 and a one year high of $11.12. The firm’s fifty day moving average price is $10.28 and its 200-day moving average price is $10.32.
About Genter Capital Municipal Quality Intermediate ETF
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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