Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) Short Interest Down 41.6% in May

Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 7,410 shares, a decrease of 41.6% from the May 14th total of 12,689 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 13,541 shares, the short-interest ratio is currently 0.5 days.

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 raised its position in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) by 54.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,632,827 shares of the company’s stock after buying 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 as of its most recent filing with the SEC.

Genter Capital Municipal Quality Intermediate ETF Stock Performance

NYSEARCA GENM opened at $10.28 on Wednesday. Genter Capital Municipal Quality Intermediate ETF has a one year low of $10.10 and a one year high of $11.12. The stock’s 50 day simple moving average is $10.30 and its 200 day simple moving average is $10.33.

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.