Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 59,351 shares, a growth of 400.5% from the July 15th total of 11,859 shares. Based on an average daily volume of 19,987 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.0% of the company’s shares are sold short.
Genter Capital Municipal Quality Intermediate ETF Trading Up 0.3%
GENM traded up $0.03 during trading on Wednesday, reaching $10.23. The company had a trading volume of 937 shares, compared to its average volume of 17,286. The firm’s 50-day simple moving average is $10.25 and its 200 day simple moving average is $10.31. Genter Capital Municipal Quality Intermediate ETF has a 12-month low of $10.12 and a 12-month high of $11.12.
Institutional Investors Weigh In On Genter Capital Municipal Quality Intermediate ETF
A hedge fund recently raised its stake in Genter Capital Municipal Quality Intermediate ETF stock. Bank of New York Mellon Corp increased its position in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM – Free Report) by 54.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,632,827 shares of the company’s stock after purchasing an additional 576,924 shares during the period. Bank of New York Mellon Corp owned about 64.79% of Genter Capital Municipal Quality Intermediate ETF worth $16,719,000 at the end of the most recent reporting period.
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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