VanEck Intermediate Muni ETF (BATS:ITM – Get Free Report) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 25,799 shares, a decrease of 52.2% from the June 15th total of 53,979 shares. Based on an average trading volume of 213,216 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.
VanEck Intermediate Muni ETF Stock Performance
ITM opened at $46.65 on Thursday. VanEck Intermediate Muni ETF has a 52 week low of $45.13 and a 52 week high of $48.02. The business has a 50 day moving average of $46.77 and a 200-day moving average of $47.02.
Hedge Funds Weigh In On VanEck Intermediate Muni ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in ITM. Blair William & Co. IL grew its position in shares of VanEck Intermediate Muni ETF by 163.5% in the 3rd quarter. Blair William & Co. IL now owns 527 shares of the company’s stock worth $25,000 after buying an additional 327 shares during the period. Blue Trust Inc. increased its stake in shares of VanEck Intermediate Muni ETF by 96.0% in the 1st quarter. Blue Trust Inc. now owns 633 shares of the company’s stock worth $29,000 after acquiring an additional 310 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of VanEck Intermediate Muni ETF in the 4th quarter worth about $34,000. City Holding Co. purchased a new position in VanEck Intermediate Muni ETF during the 4th quarter valued at about $51,000. Finally, Advisory Services Network LLC purchased a new position in VanEck Intermediate Muni ETF during the 3rd quarter valued at about $83,000.
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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