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

Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 11,859 shares, an increase of 187.5% from the June 30th total of 4,125 shares. Based on an average daily volume of 19,066 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Investors 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 increased its stake in shares of Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) by 54.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,632,827 shares of the company’s stock after acquiring an additional 576,924 shares during the period. Bank of New York Mellon Corp owned approximately 64.79% of Genter Capital Municipal Quality Intermediate ETF worth $16,719,000 at the end of the most recent reporting period.

Genter Capital Municipal Quality Intermediate ETF Trading Down 0.1%

NYSEARCA:GENM traded down $0.01 during mid-day trading on Tuesday, hitting $10.19. The company had a trading volume of 55,663 shares, compared to its average volume of 17,556. The business has a fifty day simple moving average of $10.28 and a 200-day simple moving average of $10.32. Genter Capital Municipal Quality Intermediate ETF has a 1 year low of $10.13 and a 1 year 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.