Short Interest in VanEck Intermediate Muni ETF (BATS:ITM) Expands By 131.4%

VanEck Intermediate Muni ETF (BATS:ITM) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 63,596 shares, a growth of 131.4% from the April 30th total of 27,483 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 243,761 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of VanEck Intermediate Muni ETF

Hedge funds have recently made changes to their positions in the company. Blair William & Co. IL boosted its stake in shares of VanEck Intermediate Muni ETF by 163.5% during the third quarter. Blair William & Co. IL now owns 527 shares of the company’s stock valued at $25,000 after purchasing an additional 327 shares in the last quarter. Blue Trust Inc. boosted its stake 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 purchasing an additional 310 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of VanEck Intermediate Muni ETF during the fourth quarter valued at about $34,000. AE Wealth Management LLC boosted its stake in shares of VanEck Intermediate Muni ETF by 126.3% during the third quarter. AE Wealth Management LLC now owns 1,075 shares of the company’s stock valued at $50,000 after purchasing an additional 600 shares in the last quarter. Finally, City Holding Co. acquired a new stake in shares of VanEck Intermediate Muni ETF during the fourth quarter valued at about $51,000.

VanEck Intermediate Muni ETF Stock Up 0.2%

BATS:ITM opened at $46.94 on Friday. The stock’s 50-day simple moving average is $46.66 and its 200 day simple moving average is $47.07. VanEck Intermediate Muni ETF has a twelve month low of $44.89 and a twelve month high of $48.02.

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.