VanEck Intermediate Muni ETF (BATS:ITM) Stock Short Interest Declines 96.8%

VanEck Intermediate Muni ETF (BATS:ITM) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 34,853 shares, a decline of 96.8% from the October 15th total of 1,099,835 shares. Based on an average daily volume of 784,334 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On VanEck Intermediate Muni ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC boosted 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 in the last quarter. Gradient Investments LLC increased its position in shares of 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 buying an additional 472 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of 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 buying an additional 487 shares in the last quarter. XML Financial LLC raised its stake in VanEck Intermediate Muni ETF by 2.2% during the 3rd quarter. XML Financial LLC now owns 32,472 shares of the company’s stock worth $1,429,000 after buying an additional 713 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its stake in VanEck Intermediate Muni ETF by 15.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 5,434 shares of the company’s stock worth $255,000 after buying an additional 740 shares during the period.

VanEck Intermediate Muni ETF Stock Down 0.4%

Shares of ITM traded down $0.17 during trading hours on Tuesday, hitting $45.90. The stock had a trading volume of 404,575 shares, compared to its average volume of 441,948. The company’s fifty day moving average is $44.91 and its two-hundred day moving average is $46.32. VanEck Intermediate Muni ETF has a 52 week low of $43.58 and a 52 week high of $48.02.

VanEck Intermediate Muni ETF Company Profile

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.