Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) Sees Significant Decline in Short Interest

Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 21,936 shares, a decrease of 44.1% from the September 15th total of 39,220 shares. Based on an average trading volume of 13,009 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.7% of the shares of the stock are short sold.

Hedge Funds Weigh In On Genter Capital Municipal Quality Intermediate ETF

An institutional investor recently raised its position in Genter Capital Municipal Quality Intermediate ETF stock. Bank of New York Mellon Corp grew its position in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) by 54.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,632,827 shares of the company’s stock after acquiring an additional 576,924 shares during the period. Bank of New York Mellon Corp owned 64.79% of Genter Capital Municipal Quality Intermediate ETF worth $16,719,000 at the end of the most recent reporting period.

Genter Capital Municipal Quality Intermediate ETF Stock Down 0.1%

Shares of GENM traded down $0.01 during trading hours on Friday, hitting $9.97. The stock had a trading volume of 28,439 shares, compared to its average volume of 15,477. The company’s fifty day moving average is $10.07 and its two-hundred day moving average is $10.20. Genter Capital Municipal Quality Intermediate ETF has a 52 week low of $9.77 and a 52 week high of $11.12.

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.