VanEck Intermediate Muni ETF (BATS:ITM) Sees Significant Increase in Short Interest

VanEck Intermediate Muni ETF (BATS:ITM) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 63,596 shares, a growth of 131.4% from the April 30th total of 27,483 shares. Based on an average daily volume of 243,761 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Blair William & Co. IL raised its holdings in shares of VanEck Intermediate Muni ETF by 163.5% in the third quarter. Blair William & Co. IL now owns 527 shares of the company’s stock valued at $25,000 after purchasing an additional 327 shares during the last quarter. Blue Trust Inc. grew its stake in VanEck Intermediate Muni ETF by 96.0% during the first quarter. Blue Trust Inc. now owns 633 shares of the company’s stock valued at $29,000 after acquiring an additional 310 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in VanEck Intermediate Muni ETF in the 4th quarter worth approximately $34,000. AE Wealth Management LLC boosted its holdings in VanEck Intermediate Muni ETF by 126.3% in the 3rd quarter. AE Wealth Management LLC now owns 1,075 shares of the company’s stock valued at $50,000 after purchasing an additional 600 shares during the period. Finally, City Holding Co. purchased a new position in shares of VanEck Intermediate Muni ETF during the 4th quarter valued at $51,000.

VanEck Intermediate Muni ETF Trading Down 0.3%

Shares of VanEck Intermediate Muni ETF stock traded down $0.14 during trading on Tuesday, reaching $46.80. The company’s stock had a trading volume of 159,797 shares, compared to its average volume of 282,809. VanEck Intermediate Muni ETF has a 52 week low of $44.89 and a 52 week high of $48.02. The business’s 50-day moving average price is $46.66 and its 200-day moving average price is $47.07.

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.