Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM – Get Free Report) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 4,125 shares, a drop of 42.6% from the June 15th total of 7,189 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,603 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Genter Capital Municipal Quality Intermediate ETF stock. Bank of New York Mellon Corp lifted its position in shares of Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM – Free Report) by 54.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,632,827 shares of the company’s stock after acquiring 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 at the end of the most recent quarter.
Genter Capital Municipal Quality Intermediate ETF Price Performance
Shares of NYSEARCA GENM opened at $10.27 on Friday. The stock has a 50-day moving average price of $10.28 and a two-hundred day moving average price of $10.32. Genter Capital Municipal Quality Intermediate ETF has a 12 month low of $10.13 and a 12 month high of $11.12.
Genter Capital Municipal Quality Intermediate ETF Company Profile
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.
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