Short Interest in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) Increases By 400.5%

Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 59,351 shares, an increase of 400.5% from the July 15th total of 11,859 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average trading volume of 19,987 shares, the short-interest ratio is currently 3.0 days.

Genter Capital Municipal Quality Intermediate ETF Trading Up 0.3%

NYSEARCA GENM traded up $0.03 during trading on Wednesday, reaching $10.23. 937 shares of the company’s stock were exchanged, compared to its average volume of 17,286. Genter Capital Municipal Quality Intermediate ETF has a fifty-two week low of $10.12 and a fifty-two week high of $11.12. The company’s fifty day simple moving average is $10.25 and its 200-day simple moving average is $10.31.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Genter Capital Municipal Quality Intermediate ETF stock. Bank of New York Mellon Corp raised its stake in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) by 54.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,632,827 shares of the company’s stock after buying an additional 576,924 shares during the quarter. 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.

About Genter Capital Municipal Quality Intermediate ETF

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.