VanEck Intermediate Muni ETF (BATS:ITM – Get Free Report) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 25,799 shares, a decline of 52.2% from the June 15th total of 53,979 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 213,216 shares, the days-to-cover ratio is presently 0.1 days.
Hedge Funds Weigh In On VanEck Intermediate Muni ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Blair William & Co. IL grew its position in VanEck Intermediate Muni ETF by 163.5% during the 3rd quarter. Blair William & Co. IL now owns 527 shares of the company’s stock worth $25,000 after acquiring an additional 327 shares during the last quarter. Blue Trust Inc. lifted its position in VanEck Intermediate Muni ETF by 96.0% in the first quarter. Blue Trust Inc. now owns 633 shares of the company’s stock valued at $29,000 after purchasing an additional 310 shares during the last quarter. International Assets Investment Management LLC bought a new stake in VanEck Intermediate Muni ETF in the fourth quarter valued at approximately $34,000. City Holding Co. purchased a new stake in shares of VanEck Intermediate Muni ETF during the fourth quarter valued at approximately $51,000. Finally, Advisory Services Network LLC purchased a new stake in shares of VanEck Intermediate Muni ETF during the third quarter valued at approximately $83,000.
VanEck Intermediate Muni ETF Stock Up 0.0%
VanEck Intermediate Muni ETF stock opened at $46.66 on Wednesday. VanEck Intermediate Muni ETF has a fifty-two week low of $45.13 and a fifty-two week high of $48.02. The firm’s fifty day moving average price is $46.77 and its 200-day moving average price is $47.02.
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.
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