Short Interest in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) Drops By 41.6%

Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 7,410 shares, a decline of 41.6% from the May 14th total of 12,689 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 13,541 shares, the days-to-cover ratio is presently 0.5 days.

Genter Capital Municipal Quality Intermediate ETF Price Performance

Shares of GENM remained flat at $10.28 on Tuesday. The stock had a trading volume of 15,938 shares, compared to its average volume of 17,575. Genter Capital Municipal Quality Intermediate ETF has a fifty-two week low of $10.10 and a fifty-two week high of $11.12. The business has a fifty day moving average price of $10.30 and a 200 day moving average price of $10.33.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Genter Capital Municipal Quality Intermediate ETF stock. Bank of New York Mellon Corp boosted its position in shares of Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) by 54.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,632,827 shares of the company’s stock after buying an additional 576,924 shares during the quarter. Bank of New York Mellon Corp owned approximately 64.79% of Genter Capital Municipal Quality Intermediate ETF worth $16,719,000 as of its most recent SEC filing.

About Genter Capital Municipal Quality Intermediate ETF

The Genter Capital Municipal Quality Intermediate ETF (GENM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed basket of investment grade municipal securities exempt from federal income taxes. It targets an intermediate portfolio duration and maturity while seeking current income and capital appreciation. GENM was launched on May 21, 2024 and is issued by Genter Capital.