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

Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 7,410 shares, a decrease of 41.6% from the May 14th total of 12,689 shares. Based on an average daily trading volume, of 13,541 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Genter Capital Municipal Quality Intermediate ETF

An institutional investor recently raised its position in Genter Capital Municipal Quality Intermediate ETF stock. Bank of New York Mellon Corp increased its position in shares of Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) by 54.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,632,827 shares of the company’s stock after buying an additional 576,924 shares during the quarter. Bank of New York Mellon Corp owned 64.79% of Genter Capital Municipal Quality Intermediate ETF worth $16,719,000 at the end of the most recent quarter.

Genter Capital Municipal Quality Intermediate ETF Stock Performance

GENM stock traded up $0.02 on Monday, reaching $10.28. The company’s stock had a trading volume of 21,944 shares, compared to its average volume of 17,590. The firm has a fifty day moving average of $10.30 and a two-hundred day moving average of $10.33. Genter Capital Municipal Quality Intermediate ETF has a 52 week low of $10.10 and a 52 week high of $11.12.

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.