VanEck Intermediate Muni ETF (BATS:ITM) Shares Shorted: Short Interest Up 244.1% in October

VanEck Intermediate Muni ETF (BATS:ITM) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,099,835 shares, an increase of 244.1% from the September 30th total of 319,630 shares. Approximately 2.7% of the shares of the company are short sold. Based on an average trading volume of 1,729,002 shares, the short-interest ratio is currently 0.6 days.

VanEck Intermediate Muni ETF Trading Up 0.2%

BATS:ITM opened at $45.66 on Wednesday. VanEck Intermediate Muni ETF has a one year low of $43.58 and a one year high of $48.02. The company has a fifty day moving average price of $44.94 and a 200 day moving average price of $46.39.

Institutional Trading of VanEck Intermediate Muni ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Concurrent Investment Advisors LLC increased its holdings in shares of VanEck Intermediate Muni ETF by 2.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 9,583 shares of the company’s stock worth $450,000 after purchasing an additional 267 shares during the period. Blue Trust Inc. raised its position in shares of VanEck Intermediate Muni ETF by 96.0% during the first quarter. Blue Trust Inc. now owns 633 shares of the company’s stock valued at $29,000 after buying an additional 310 shares during the last quarter. Gradient Investments LLC raised its position in shares of VanEck Intermediate Muni ETF by 3.5% during the second quarter. Gradient Investments LLC now owns 13,916 shares of the company’s stock valued at $654,000 after buying an additional 472 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of VanEck Intermediate Muni ETF by 67.9% in the first quarter. International Assets Investment Management LLC now owns 1,204 shares of the company’s stock valued at $56,000 after buying an additional 487 shares during the period. Finally, World Investment Advisors lifted its stake in shares of VanEck Intermediate Muni ETF by 5.0% in the first quarter. World Investment Advisors now owns 11,844 shares of the company’s stock valued at $550,000 after buying an additional 559 shares during the period.

About VanEck Intermediate Muni ETF

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.