Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) Sees Large Decrease in Short Interest

Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 7,410 shares, a decline of 41.6% from the May 14th total of 12,689 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 13,541 shares, the days-to-cover ratio is currently 0.5 days.

Genter Capital Municipal Quality Intermediate ETF Stock Up 0.2%

NYSEARCA GENM traded up $0.02 during trading on Monday, reaching $10.28. 21,944 shares of the company traded hands, compared to its average volume of 17,590. The stock’s 50 day moving average price is $10.30 and its two-hundred day moving average price is $10.33. Genter Capital Municipal Quality Intermediate ETF has a 1-year low of $10.10 and a 1-year high of $11.12.

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 raised its stake in shares of Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) by 54.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

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.