Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) Short Interest Up 187.5% in July

Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) was the recipient of a large increase in short interest during 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 trading volume of 19,066 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are sold short.

Genter Capital Municipal Quality Intermediate ETF Price Performance

Shares of NYSEARCA GENM traded up $0.02 during midday trading on Monday, reaching $10.20. The company’s stock had a trading volume of 2,956 shares, compared to its average volume of 17,285. Genter Capital Municipal Quality Intermediate ETF has a fifty-two week low of $10.13 and a fifty-two week high of $11.12. The stock has a 50 day simple moving average of $10.28 and a 200-day simple moving average of $10.32.

Institutional Investors Weigh In On Genter Capital Municipal Quality Intermediate ETF

A hedge fund recently raised its position in Genter Capital Municipal Quality Intermediate ETF stock. Bank of New York Mellon Corp raised its holdings in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) by 54.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,632,827 shares of the company’s stock after buying 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 reporting period.

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.