Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) Short Interest Update

by · The Cerbat Gem

Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM – Get Free Report) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 5,833 shares, an increase of 158.2% from the April 15th total of 2,259 shares. Based on an average daily volume of 13,176 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Genter Capital Municipal Quality Intermediate ETF stock. Bank of New York Mellon Corp raised its holdings in Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM – Free Report) by 54.6% during 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 acquiring an additional 576,924 shares during the period. Bank of New York Mellon Corp owned about 64.79% of Genter Capital Municipal Quality Intermediate ETF worth $16,719,000 at the end of the most recent quarter.

Genter Capital Municipal Quality Intermediate ETF Trading Down 0.3%

NYSEARCA GENM traded down $0.03 during trading on Friday, hitting $10.25. The stock had a trading volume of 3,770 shares, compared to its average volume of 16,472. The company’s 50-day moving average price is $10.31 and its two-hundred day moving average price is $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 declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were paid a $0.0249 dividend. This is a boost from Genter Capital Municipal Quality Intermediate ETF’s previous monthly dividend of $0.02. The ex-dividend date was Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 2.9%.

Genter Capital Municipal Quality Intermediate ETF Company Profile

(Get Free Report)

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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