Short Interest in VanEck Intermediate Muni ETF (BATS:ITM) Declines By 66.8%

VanEck Intermediate Muni ETF (BATS:ITM) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 16,271 shares, a decline of 66.8% from the August 15th total of 48,995 shares. Based on an average trading volume of 316,212 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

VanEck Intermediate Muni ETF Price Performance

ITM stock opened at $44.96 on Friday. The firm has a 50-day moving average price of $46.01 and a 200-day moving average price of $46.57. VanEck Intermediate Muni ETF has a 12 month low of $44.77 and a 12 month high of $48.02.

Institutional Investors Weigh In On VanEck Intermediate Muni ETF

Several large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC purchased a new position in VanEck Intermediate Muni ETF during the first quarter worth about $247,000. Baird Financial Group Inc. purchased a new stake in shares of VanEck Intermediate Muni ETF in the 2nd quarter valued at about $201,000. Qube Research & Technologies Ltd raised its holdings in shares of VanEck Intermediate Muni ETF by 108.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 2,953 shares of the company’s stock valued at $134,000 after acquiring an additional 1,538 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of VanEck Intermediate Muni ETF by 217.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 877,749 shares of the company’s stock valued at $39,908,000 after acquiring an additional 601,111 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of VanEck Intermediate Muni ETF by 12.3% during the 3rd quarter. First Trust Advisors LP now owns 10,712 shares of the company’s stock valued at $499,000 after acquiring an additional 1,172 shares during the last quarter.

VanEck Intermediate Muni ETF Company Profile

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.