VanEck Intermediate Muni ETF (BATS:ITM) Shares Shorted: Short Interest Up 244.1% in October

VanEck Intermediate Muni ETF (BATS:ITM) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 1,099,835 shares, an increase of 244.1% from the September 30th total of 319,630 shares. Currently, 2.7% of the company’s shares are short sold. Based on an average trading volume of 1,729,002 shares, the days-to-cover ratio is currently 0.6 days.

VanEck Intermediate Muni ETF Trading Up 0.1%

ITM stock opened at $45.63 on Friday. The firm has a 50 day moving average price of $44.92 and a 200-day moving average price of $46.37. VanEck Intermediate Muni ETF has a 52-week low of $43.58 and a 52-week high of $48.02.

Institutional Trading of VanEck Intermediate Muni ETF

Several large investors have recently added to or reduced their stakes in ITM. Concurrent Investment Advisors LLC grew its holdings in VanEck Intermediate Muni ETF by 2.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 9,583 shares of the company’s stock valued at $450,000 after buying an additional 267 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of VanEck Intermediate Muni ETF by 96.0% during the 1st quarter. Blue Trust Inc. now owns 633 shares of the company’s stock worth $29,000 after acquiring an additional 310 shares in the last quarter. Gradient Investments LLC raised its holdings in shares of VanEck Intermediate Muni ETF by 3.5% during the 2nd quarter. Gradient Investments LLC now owns 13,916 shares of the company’s stock worth $654,000 after acquiring an additional 472 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of VanEck Intermediate Muni ETF by 67.9% during the 1st quarter. International Assets Investment Management LLC now owns 1,204 shares of the company’s stock worth $56,000 after acquiring an additional 487 shares in the last quarter. Finally, World Investment Advisors boosted its position in shares of VanEck Intermediate Muni ETF by 5.0% during the 1st quarter. World Investment Advisors now owns 11,844 shares of the company’s stock valued at $550,000 after acquiring an additional 559 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.