VanEck Intermediate Muni ETF (BATS:ITM) Shares Shorted: Short Interest Up 110.7% in September

VanEck Intermediate Muni ETF (BATS:ITM) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 319,630 shares, a growth of 110.7% from the September 15th total of 151,719 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 969,049 shares, the days-to-cover ratio is currently 0.3 days.

VanEck Intermediate Muni ETF Price Performance

Shares of ITM stock opened at $44.45 on Thursday. VanEck Intermediate Muni ETF has a 12-month low of $43.58 and a 12-month high of $48.02. The firm has a 50-day moving average price of $45.11 and a 200 day moving average price of $46.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. increased its holdings in shares of VanEck Intermediate Muni ETF by 96.0% in the first quarter. Blue Trust Inc. now owns 633 shares of the company’s stock valued at $29,000 after purchasing an additional 310 shares in the last quarter. Compass Financial Management LLC bought a new position in VanEck Intermediate Muni ETF in the 2nd quarter worth approximately $53,000. International Assets Investment Management LLC raised its position in VanEck Intermediate Muni ETF by 67.9% in the 1st quarter. International Assets Investment Management LLC now owns 1,204 shares of the company’s stock worth $56,000 after purchasing an additional 487 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in VanEck Intermediate Muni ETF in the 2nd quarter worth approximately $67,000. Finally, Continuum Advisory LLC acquired a new position in VanEck Intermediate Muni ETF during the 2nd quarter worth $123,000.

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.