VanEck Intermediate Muni ETF (BATS:ITM – Get Free Report) was the target of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 34,853 shares, a decline of 96.8% from the October 15th total of 1,099,835 shares. Based on an average trading volume of 784,334 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in shares of VanEck Intermediate Muni ETF by 41.0% in the first quarter. Royal Bank of Canada now owns 140,842 shares of the company’s stock worth $6,539,000 after acquiring an additional 40,948 shares during the period. Quantinno Capital Management LP boosted its stake in VanEck Intermediate Muni ETF by 136.8% in the 1st quarter. Quantinno Capital Management LP now owns 20,170 shares of the company’s stock worth $936,000 after purchasing an additional 11,651 shares during the period. TSG Advice Partners LLC bought a new position in VanEck Intermediate Muni ETF in the 3rd quarter worth about $757,000. Cliftonlarsonallen Wealth Advisors LLC bought a new stake in shares of VanEck Intermediate Muni ETF during the third quarter valued at about $47,550,000. Finally, Advisors Preferred LLC purchased a new stake in shares of VanEck Intermediate Muni ETF in the first quarter worth about $5,026,000.
VanEck Intermediate Muni ETF Stock Up 0.2%
BATS ITM opened at $46.00 on Thursday. VanEck Intermediate Muni ETF has a 52 week low of $43.58 and a 52 week high of $48.02. The firm’s 50-day simple moving average is $44.92 and its two-hundred day simple moving average is $46.31.
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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