VanEck Intermediate Muni ETF (BATS:ITM – Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 63,596 shares, a growth of 131.4% from the April 30th total of 27,483 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 243,761 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Trading of VanEck Intermediate Muni ETF
Several large investors have recently bought and sold shares of ITM. AQR Capital Management LLC acquired a new stake in VanEck Intermediate Muni ETF in the first quarter valued at about $247,000. Baird Financial Group Inc. acquired a new stake in VanEck Intermediate Muni ETF in the second quarter valued at about $201,000. Qube Research & Technologies Ltd boosted its stake in VanEck Intermediate Muni ETF by 108.7% in the second quarter. Qube Research & Technologies Ltd now owns 2,953 shares of the company’s stock valued at $134,000 after buying an additional 1,538 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in VanEck Intermediate Muni ETF by 217.3% in the second quarter. Ameriprise Financial Inc. now owns 877,749 shares of the company’s stock valued at $39,908,000 after buying an additional 601,111 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in VanEck Intermediate Muni ETF by 15.6% in the third quarter. Truist Financial Corp now owns 88,939 shares of the company’s stock valued at $4,145,000 after buying an additional 12,006 shares in the last quarter.
VanEck Intermediate Muni ETF Stock Up 0.2%
BATS:ITM opened at $46.94 on Friday. The stock’s 50-day simple moving average is $46.66 and its 200 day simple moving average is $47.07. VanEck Intermediate Muni ETF has a twelve month low of $44.89 and a twelve month high of $48.02.
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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