VanEck Intermediate Muni ETF (BATS:ITM – Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 73,625 shares, a growth of 185.4% from the June 30th total of 25,799 shares. Based on an average daily volume of 176,604 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.
VanEck Intermediate Muni ETF Stock Performance
Shares of BATS:ITM opened at $46.00 on Tuesday. The company’s 50 day moving average price is $46.70 and its two-hundred day moving average price is $46.96. VanEck Intermediate Muni ETF has a 12-month low of $45.29 and a 12-month high of $48.02.
Institutional Investors Weigh In On VanEck Intermediate Muni ETF
A number of large investors have recently added to or reduced their stakes in the stock. Curbstone Financial Management Corp acquired a new stake in shares of VanEck Intermediate Muni ETF during the 4th quarter worth $578,000. Leo Wealth LLC bought a new stake in VanEck Intermediate Muni ETF during the fourth quarter worth about $521,000. M&T Bank Corp acquired a new stake in VanEck Intermediate Muni ETF during the fourth quarter worth about $112,631,000. Willis Johnson & Associates Inc. grew its stake in VanEck Intermediate Muni ETF by 8.0% during the fourth quarter. Willis Johnson & Associates Inc. now owns 783,646 shares of the company’s stock worth $36,957,000 after buying an additional 57,981 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in VanEck Intermediate Muni ETF by 1,089,300.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 21,788 shares of the company’s stock valued at $1,028,000 after buying an additional 21,786 shares during the period.
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.
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