Short Interest in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) Rises By 158.2%

Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENMGet Free Report) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 5,833 shares, a growth of 158.2% from the April 15th total of 2,259 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 13,176 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Genter Capital Municipal Quality Intermediate ETF

An institutional investor recently raised its position in Genter Capital Municipal Quality Intermediate ETF stock. Bank of New York Mellon Corp lifted its stake in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENMFree Report) by 54.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,632,827 shares of the company’s stock after acquiring 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 & Exchange Commission.

Genter Capital Municipal Quality Intermediate ETF Price Performance

Genter Capital Municipal Quality Intermediate ETF stock opened at $10.28 on Friday. The stock has a fifty day simple moving average of $10.31 and a two-hundred day simple moving average of $10.33. Genter Capital Municipal Quality Intermediate ETF has a 12 month low of $10.08 and a 12 month high of $11.12.

Genter Capital Municipal Quality Intermediate ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were issued a $0.0249 dividend. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, February 26th. This is a positive change from Genter Capital Municipal Quality Intermediate ETF’s previous monthly dividend of $0.02.

About Genter Capital Municipal Quality Intermediate ETF

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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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