VanEck Intermediate Muni ETF (BATS:ITM) Sees Large Increase in Short Interest

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

Institutional Trading of VanEck Intermediate Muni ETF

Several large investors have recently modified their holdings of the stock. Concurrent Investment Advisors LLC raised its position in shares of VanEck Intermediate Muni ETF by 2.9% during the second 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. lifted its holdings in shares of VanEck Intermediate Muni ETF by 96.0% in the 1st quarter. Blue Trust Inc. now owns 633 shares of the company’s stock worth $29,000 after purchasing an additional 310 shares in the last quarter. Gradient Investments LLC grew its position in VanEck Intermediate Muni ETF by 3.5% in the 2nd quarter. Gradient Investments LLC now owns 13,916 shares of the company’s stock valued at $654,000 after purchasing an additional 472 shares during the period. International Assets Investment Management LLC grew its position in VanEck Intermediate Muni ETF by 67.9% in the 1st quarter. International Assets Investment Management LLC now owns 1,204 shares of the company’s stock valued at $56,000 after purchasing an additional 487 shares during the period. Finally, World Investment Advisors grew its position in VanEck Intermediate Muni ETF by 5.0% in the 1st quarter. World Investment Advisors now owns 11,844 shares of the company’s stock valued at $550,000 after purchasing an additional 559 shares during the period.

VanEck Intermediate Muni ETF Trading Down 0.2%

Shares of ITM stock opened at $45.57 on Thursday. The stock has a 50 day simple moving average of $44.93 and a two-hundred day simple moving average of $46.38. VanEck Intermediate Muni ETF has a fifty-two week low of $43.58 and a fifty-two week high of $48.02.

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.