Short Interest in VanEck Intermediate Muni ETF (BATS:ITM) Drops By 52.2%

VanEck Intermediate Muni ETF (BATS:ITM) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 25,799 shares, a drop of 52.2% from the June 15th total of 53,979 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 213,216 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On VanEck Intermediate Muni ETF

Institutional investors have recently bought and sold shares of the company. Curbstone Financial Management Corp acquired a new stake in shares of VanEck Intermediate Muni ETF in the fourth quarter worth approximately $578,000. Union Bancaire Privee UBP SA acquired a new position in VanEck Intermediate Muni ETF in the 4th quarter valued at $1,038,000. Leo Wealth LLC purchased a new position in VanEck Intermediate Muni ETF in the 4th quarter valued at $521,000. M&T Bank Corp purchased a new position in VanEck Intermediate Muni ETF in the 4th quarter valued at $112,631,000. Finally, Willis Johnson & Associates Inc. boosted its stake in VanEck Intermediate Muni ETF by 8.0% during the 4th quarter. Willis Johnson & Associates Inc. now owns 783,646 shares of the company’s stock worth $36,957,000 after purchasing an additional 57,981 shares during the last quarter.

VanEck Intermediate Muni ETF Trading Down 0.1%

Shares of BATS ITM opened at $46.65 on Tuesday. The company’s 50-day simple moving average is $46.77 and its 200-day simple moving average is $47.03. VanEck Intermediate Muni ETF has a 52-week low of $45.13 and a 52-week 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.