VanEck Intermediate Muni ETF (BATS:ITM – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,099,835 shares, an increase of 244.1% from the September 30th total of 319,630 shares. Based on an average daily volume of 1,729,002 shares, the days-to-cover ratio is currently 0.6 days. Approximately 2.7% of the shares of the company are sold short.
Institutional Trading of VanEck Intermediate Muni ETF
Large investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new position in shares of VanEck Intermediate Muni ETF during the 3rd quarter worth about $338,000. Park Avenue Securities LLC bought a new stake in VanEck Intermediate Muni ETF during the 3rd quarter valued at approximately $7,238,000. Brandywine Oak Private Wealth LLC boosted its stake in VanEck Intermediate Muni ETF by 11.9% during the 3rd quarter. Brandywine Oak Private Wealth LLC now owns 110,505 shares of the company’s stock valued at $4,862,000 after purchasing an additional 11,712 shares during the period. ONE Advisory Partners LLC boosted its stake in VanEck Intermediate Muni ETF by 133.2% during the 3rd quarter. ONE Advisory Partners LLC now owns 31,499 shares of the company’s stock valued at $1,386,000 after purchasing an additional 17,990 shares during the period. Finally, Axxcess Wealth Management LLC grew its holdings in VanEck Intermediate Muni ETF by 4.1% in the 3rd quarter. Axxcess Wealth Management LLC now owns 103,529 shares of the company’s stock valued at $4,555,000 after buying an additional 4,110 shares during the last quarter.
VanEck Intermediate Muni ETF Trading Up 0.2%
Shares of ITM stock opened at $45.66 on Wednesday. VanEck Intermediate Muni ETF has a 12 month low of $43.58 and a 12 month high of $48.02. The business’s 50 day moving average is $44.94 and its two-hundred day moving average is $46.39.
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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