Short Interest in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) Expands By 400.5%

Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) was the target of a significant increase in short interest in 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. Based on an average daily volume of 19,987 shares, the short-interest ratio is currently 3.0 days. Approximately 2.0% of the shares of the stock are sold short.

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 boosted its stake in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) by 54.6% in the 1st quarter, according to the company in its most recent 13F filing 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 about 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

Shares of GENM remained flat at $10.23 during midday trading on Thursday. The stock had a trading volume of 1,155 shares, compared to its average volume of 17,283. Genter Capital Municipal Quality Intermediate ETF has a one year low of $10.12 and a one year high of $11.12. The company’s 50 day moving average price is $10.25 and its two-hundred day moving average price 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.