Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) Sees Significant Increase in Short Interest

Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 11,859 shares, a growth of 187.5% from the June 30th total of 4,125 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 19,066 shares, the short-interest ratio is presently 0.6 days.

Genter Capital Municipal Quality Intermediate ETF Trading Down 0.1%

Shares of Genter Capital Municipal Quality Intermediate ETF stock opened at $10.19 on Wednesday. The firm’s 50-day simple moving average is $10.27 and its 200-day simple moving average is $10.32. Genter Capital Municipal Quality Intermediate ETF has a twelve month low of $10.13 and a twelve month high of $11.12.

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 grew its stake in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) by 54.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,632,827 shares of the company’s stock after purchasing an additional 576,924 shares during the period. Bank of New York Mellon Corp owned approximately 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.