Short Interest in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) Drops By 64.1%

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

Genter Capital Municipal Quality Intermediate ETF Stock Performance

NYSEARCA GENM traded down $0.03 on Friday, reaching $10.19. The stock had a trading volume of 3,135 shares, compared to its average volume of 16,583. Genter Capital Municipal Quality Intermediate ETF has a 1 year low of $10.12 and a 1 year high of $11.12. The business has a 50 day moving average price of $10.23 and a 200 day moving average price of $10.29.

Hedge Funds Weigh In On Genter Capital Municipal Quality Intermediate ETF

A hedge fund recently raised its stake in Genter Capital Municipal Quality Intermediate ETF stock. Bank of New York Mellon Corp raised its holdings in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) by 54.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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.

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.