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

VanEck Intermediate Muni ETF (BATS:ITM) 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. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 256,907 shares, the days-to-cover ratio is currently 0.2 days.

VanEck Intermediate Muni ETF Trading Down 0.1%

ITM opened at $45.82 on Friday. The business’s 50-day moving average is $46.35 and its two-hundred day moving average is $46.74. VanEck Intermediate Muni ETF has a 1 year low of $45.45 and a 1 year high of $48.02.

Institutional Trading of VanEck Intermediate Muni ETF

A number of institutional investors have recently modified their holdings of the company. AQR Capital Management LLC purchased a new position in shares of VanEck Intermediate Muni ETF in the 1st quarter worth approximately $247,000. Baird Financial Group Inc. purchased a new stake in VanEck Intermediate Muni ETF during the second quarter valued at approximately $201,000. Qube Research & Technologies Ltd boosted its stake in VanEck Intermediate Muni ETF by 108.7% in the second quarter. Qube Research & Technologies Ltd now owns 2,953 shares of the company’s stock valued at $134,000 after acquiring an additional 1,538 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in VanEck Intermediate Muni ETF by 217.3% in the second quarter. Ameriprise Financial Inc. now owns 877,749 shares of the company’s stock valued at $39,908,000 after acquiring an additional 601,111 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in VanEck Intermediate Muni ETF by 12.3% in the third quarter. First Trust Advisors LP now owns 10,712 shares of the company’s stock valued at $499,000 after acquiring an additional 1,172 shares in the last quarter.

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.