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

Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 21,326 shares, a decline of 64.1% from the July 30th total of 59,351 shares. Based on an average daily trading volume, of 12,322 shares, the short-interest ratio is presently 1.7 days. Currently, 0.7% of the shares of the company are sold short.

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 lifted its position in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) by 54.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,632,827 shares of the company’s stock after purchasing 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 as of its most recent SEC filing.

Genter Capital Municipal Quality Intermediate ETF Price Performance

Shares of NYSEARCA GENM traded down $0.03 during mid-day trading on Friday, hitting $10.19. The stock had a trading volume of 3,135 shares, compared to its average volume of 16,583. The company has a 50 day moving average of $10.24 and a two-hundred day moving average of $10.29. Genter Capital Municipal Quality Intermediate ETF has a twelve month low of $10.12 and a twelve month 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.