VanEck Intermediate Muni ETF (BATS:ITM) Short Interest Up 131.4% in May

VanEck Intermediate Muni ETF (BATS:ITM) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 63,596 shares, a growth of 131.4% from the April 30th total of 27,483 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 243,761 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On VanEck Intermediate Muni ETF

Several institutional investors have recently modified their holdings of ITM. M&T Bank Corp bought a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter worth about $112,631,000. UMB Bank n.a. bought a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter worth about $48,294,000. Bank of America Corp DE grew its position in shares of VanEck Intermediate Muni ETF by 5.8% during the third quarter. Bank of America Corp DE now owns 15,865,319 shares of the company’s stock worth $739,324,000 after acquiring an additional 869,902 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of VanEck Intermediate Muni ETF by 217.3% during the second quarter. Ameriprise Financial Inc. now owns 877,749 shares of the company’s stock worth $39,908,000 after acquiring an additional 601,111 shares during the last quarter. Finally, TIAA Trust National Association bought a new position in shares of VanEck Intermediate Muni ETF during the third quarter worth about $23,509,000.

VanEck Intermediate Muni ETF Stock Performance

VanEck Intermediate Muni ETF stock opened at $46.94 on Monday. The company has a 50-day simple moving average of $46.66 and a 200-day simple moving average of $47.07. VanEck Intermediate Muni ETF has a one year low of $44.89 and a one year 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.