Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM – Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 59,351 shares, an increase of 400.5% from the July 15th total of 11,859 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily volume of 19,987 shares, the days-to-cover ratio is presently 3.0 days.
Institutional Investors Weigh In On Genter Capital Municipal Quality Intermediate ETF
An institutional investor recently raised its stake in Genter Capital Municipal Quality Intermediate ETF stock. Bank of New York Mellon Corp raised its stake in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM – Free Report) by 54.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,632,827 shares of the company’s stock after purchasing an additional 576,924 shares during the period. 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 Trading Down 19.7%
Genter Capital Municipal Quality Intermediate ETF stock traded down $2.02 during midday trading on Friday, reaching $8.21. 895 shares of the company’s stock were exchanged, compared to its average volume of 17,177. Genter Capital Municipal Quality Intermediate ETF has a 52 week low of $8.21 and a 52 week high of $11.12. The stock’s 50-day simple moving average is $10.25 and its 200 day simple moving average is $10.30.
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.
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