VanEck Intermediate Muni ETF (BATS:ITM – Get Free Report) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 48,995 shares, a drop of 49.6% from the July 30th total of 97,268 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 256,907 shares, the days-to-cover ratio is currently 0.2 days.
VanEck Intermediate Muni ETF Trading Down 0.1%
Shares of ITM stock opened at $45.82 on Friday. VanEck Intermediate Muni ETF has a twelve month low of $45.45 and a twelve month high of $48.02. The stock has a fifty day simple moving average of $46.35 and a two-hundred day simple moving average of $46.74.
Institutional Trading of VanEck Intermediate Muni ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. Blair William & Co. IL lifted its stake in VanEck Intermediate Muni ETF by 163.5% in the third quarter. Blair William & Co. IL now owns 527 shares of the company’s stock worth $25,000 after acquiring an additional 327 shares during the period. Blue Trust Inc. increased its position in VanEck Intermediate Muni ETF by 96.0% during the 1st quarter. Blue Trust Inc. now owns 633 shares of the company’s stock valued at $29,000 after purchasing an additional 310 shares during the period. First Bancorp Inc ME purchased a new position in VanEck Intermediate Muni ETF during the 2nd quarter valued at about $32,000. International Assets Investment Management LLC bought a new stake in shares of VanEck Intermediate Muni ETF in the 4th quarter valued at about $34,000. Finally, Compass Financial Management LLC bought a new stake in shares of VanEck Intermediate Muni ETF in the 2nd quarter valued at about $53,000.
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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