Short Interest in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) Decreases By 42.6%

Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 4,125 shares, a decrease of 42.6% from the June 15th total of 7,189 shares. Based on an average trading volume of 12,603 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Genter Capital Municipal Quality Intermediate ETF Stock Performance

GENM stock traded up $0.02 during trading hours on Friday, reaching $10.27. The stock had a trading volume of 24,084 shares, compared to its average volume of 17,247. The stock has a 50-day simple moving average of $10.28 and a 200 day simple moving average of $10.32. Genter Capital Municipal Quality Intermediate ETF has a fifty-two week low of $10.13 and a fifty-two week high of $11.12.

Hedge Funds 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 holdings in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) by 54.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,632,827 shares of the company’s stock after buying an additional 576,924 shares during the period. Bank of New York Mellon Corp owned 64.79% of Genter Capital Municipal Quality Intermediate ETF worth $16,719,000 at the end of the most recent quarter.

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.