Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 39,220 shares, an increase of 55.5% from the August 31st total of 25,216 shares. Based on an average trading volume of 7,286 shares, the short-interest ratio is currently 5.4 days. Approximately 1.2% of the company’s shares are short sold.
Genter Capital Municipal Quality Intermediate ETF Price Performance
Genter Capital Municipal Quality Intermediate ETF stock opened at $9.89 on Friday. The company’s 50 day simple moving average is $10.12 and its 200-day simple moving average is $10.23. Genter Capital Municipal Quality Intermediate ETF has a 1 year low of $9.81 and a 1 year high of $11.12.
Institutional Trading of 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 raised its position in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM – Free Report) by 54.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,632,827 shares of the company’s stock after purchasing an additional 576,924 shares during the quarter. Bank of New York Mellon Corp owned 64.79% of Genter Capital Municipal Quality Intermediate ETF worth $16,719,000 as of its most recent SEC filing.
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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