Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) Stock Short Interest Jumps 61.2%

Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 35,370 shares, an increase of 61.2% from the September 30th total of 21,936 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 9,112 shares, the short-interest ratio is presently 3.9 days.

Genter Capital Municipal Quality Intermediate ETF Stock Performance

GENM stock opened at $10.13 on Tuesday. The company has a 50 day moving average price of $10.04 and a 200 day moving average price of $10.24. Genter Capital Municipal Quality Intermediate ETF has a fifty-two week low of $9.77 and a fifty-two week high of $11.12.

Institutional Investors Weigh In On Genter Capital Municipal Quality Intermediate ETF

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

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.