VanEck Intermediate Muni ETF (BATS:ITM) Shares Shorted: Short Interest Up 832.5% in September

VanEck Intermediate Muni ETF (BATS:ITM) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 151,719 shares, a growth of 832.5% from the August 31st total of 16,271 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 758,807 shares, the days-to-cover ratio is presently 0.2 days.

VanEck Intermediate Muni ETF Stock Performance

VanEck Intermediate Muni ETF stock traded down $0.19 during midday trading on Thursday, hitting $44.24. 976,685 shares of the stock were exchanged, compared to its average volume of 318,446. VanEck Intermediate Muni ETF has a 1 year low of $44.20 and a 1 year high of $48.02. The company has a 50 day moving average price of $45.71 and a two-hundred day moving average price of $46.40.

Institutional Trading of VanEck Intermediate Muni ETF

A number of hedge funds have recently made changes to their positions in ITM. Bank of America Corp DE raised its stake in shares of VanEck Intermediate Muni ETF by 0.7% in the 1st quarter. Bank of America Corp DE now owns 16,468,733 shares of the company’s stock valued at $764,643,000 after purchasing an additional 121,958 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in VanEck Intermediate Muni ETF by 10.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,239,352 shares of the company’s stock valued at $199,928,000 after buying an additional 394,734 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in VanEck Intermediate Muni ETF by 24.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,356,868 shares of the company’s stock worth $63,759,000 after buying an additional 268,374 shares during the last quarter. TIAA Trust National Association grew its position in shares of VanEck Intermediate Muni ETF by 70.9% in the 4th quarter. TIAA Trust National Association now owns 862,097 shares of the company’s stock worth $40,656,000 after acquiring an additional 357,608 shares in the last quarter. Finally, FOCUS Wealth Advisors LLC increased its holdings in shares of VanEck Intermediate Muni ETF by 1.0% in the 2nd quarter. FOCUS Wealth Advisors LLC now owns 184,357 shares of the company’s stock valued at $8,663,000 after acquiring an additional 1,834 shares during 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.