VanEck Intermediate Muni ETF (BATS:ITM) Stock Short Interest Report for September

VanEck Intermediate Muni ETF (BATS:ITM) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 319,630 shares, a growth of 110.7% from the September 15th total of 151,719 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 969,049 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On VanEck Intermediate Muni ETF

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in 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 worth $764,643,000 after purchasing an additional 121,958 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in VanEck Intermediate Muni ETF by 24.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,356,868 shares of the company’s stock valued at $63,759,000 after purchasing an additional 268,374 shares during the period. CX Institutional boosted its holdings in VanEck Intermediate Muni ETF by 7.4% in the 3rd quarter. CX Institutional now owns 572,494 shares of the company’s stock valued at $25,190,000 after purchasing an additional 39,346 shares during the period. Fragasso Financial Advisors Inc boosted its holdings in VanEck Intermediate Muni ETF by 3,371.1% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 210,278 shares of the company’s stock valued at $9,297,000 after purchasing an additional 204,220 shares during the period. Finally, FOCUS Wealth Advisors LLC grew its position in shares of VanEck Intermediate Muni ETF by 1.0% during the 2nd quarter. FOCUS Wealth Advisors LLC now owns 184,357 shares of the company’s stock valued at $8,663,000 after purchasing an additional 1,834 shares in the last quarter.

VanEck Intermediate Muni ETF Trading Up 0.5%

Shares of ITM opened at $44.48 on Wednesday. The business’s 50-day moving average price is $45.14 and its 200-day moving average price is $46.12. VanEck Intermediate Muni ETF has a twelve month low of $43.58 and a twelve month high of $48.02.

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.