VanEck Intermediate Muni ETF (BATS:ITM) Sees Large Increase in Short Interest

VanEck Intermediate Muni ETF (BATS:ITM) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 151,719 shares, an increase of 832.5% from the August 31st total of 16,271 shares. Based on an average daily trading volume, of 758,807 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On VanEck Intermediate Muni ETF

Several institutional investors have recently added to or reduced their stakes in ITM. Envestnet Asset Management Inc. grew its holdings in VanEck Intermediate Muni ETF by 24.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,356,868 shares of the company’s stock valued at $63,759,000 after purchasing an additional 268,374 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of VanEck Intermediate Muni ETF by 5.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 70,293 shares of the company’s stock valued at $3,303,000 after buying an additional 3,533 shares during the period. Hyundai Investments Co. Ltd. increased its holdings in shares of VanEck Intermediate Muni ETF by 66.7% during the 2nd quarter. Hyundai Investments Co. Ltd. now owns 13,864 shares of the company’s stock worth $652,000 after buying an additional 5,549 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of VanEck Intermediate Muni ETF during the 2nd quarter worth $67,000. Finally, Compass Financial Management LLC purchased a new position in shares of VanEck Intermediate Muni ETF in the 2nd quarter worth $53,000.

VanEck Intermediate Muni ETF Trading Down 0.4%

Shares of BATS:ITM traded down $0.19 during midday trading on Thursday, hitting $44.24. 976,685 shares of the stock were exchanged, compared to its average volume of 318,446. VanEck Intermediate Muni ETF has a twelve month low of $44.20 and a twelve month high of $48.02. The company has a 50 day moving average price of $45.71 and a 200-day moving average price of $46.40.

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.