Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM) Short Interest Up 187.5% in July

by · The Markets Daily

Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM – Get Free Report) saw a significant 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. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 19,066 shares, the days-to-cover ratio is presently 0.6 days.

Genter Capital Municipal Quality Intermediate ETF Trading Up 0.2%

Shares of NYSEARCA:GENM traded up $0.02 during midday trading on Monday, reaching $10.20. 2,956 shares of the company were exchanged, compared to its average volume of 17,285. Genter Capital Municipal Quality Intermediate ETF has a fifty-two week low of $10.13 and a fifty-two week high of $11.12. The stock has a fifty day simple moving average of $10.28 and a two-hundred day simple moving average of $10.32.

Institutional Trading of 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 position in shares of Genter Capital Municipal Quality Intermediate ETF (NYSEARCA:GENM – Free Report) by 54.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 about 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

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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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