Short Interest in VanEck Intermediate Muni ETF (BATS:ITM) Decreases By 66.8%

VanEck Intermediate Muni ETF (BATS:ITM) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 16,271 shares, a decline of 66.8% from the August 15th total of 48,995 shares. Based on an average daily volume of 316,212 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

VanEck Intermediate Muni ETF Price Performance

Shares of VanEck Intermediate Muni ETF stock opened at $44.93 on Monday. The business has a 50-day simple moving average of $46.01 and a 200-day simple moving average of $46.56. VanEck Intermediate Muni ETF has a one year low of $44.77 and a one year high of $48.02.

Institutional Investors Weigh In On VanEck Intermediate Muni ETF

A number of large investors have recently modified their holdings of ITM. Blair William & Co. IL raised its holdings in shares of VanEck Intermediate Muni ETF by 163.5% in the 3rd quarter. Blair William & Co. IL now owns 527 shares of the company’s stock valued at $25,000 after purchasing an additional 327 shares in the last quarter. Blue Trust Inc. grew its stake in shares of VanEck Intermediate Muni ETF by 96.0% during the first quarter. Blue Trust Inc. now owns 633 shares of the company’s stock worth $29,000 after purchasing an additional 310 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of VanEck Intermediate Muni ETF during the fourth quarter worth $34,000. Compass Financial Management LLC purchased a new position in VanEck Intermediate Muni ETF in the second quarter valued at $53,000. Finally, Ameritas Advisory Services LLC acquired a new stake in VanEck Intermediate Muni ETF in the second quarter valued at $67,000.

About VanEck Intermediate Muni ETF

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.