ITM Stock Summary and Trading Ideas (Vaneck Intermediate Municipal ETF | BATS:ITM)

The VanEck Intermediate Muni ETF (ITM) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE Intermediate AMT-Free Broad National Municipal Index (MBNI), which is intended to track the overall performance of the U.S. dollar-denominated intermediate-term tax-exempt bond market. The index comprised of Intermediate maturity U.S. dollar-denominated investment-grade tax-exempt debt publicly issued in the U.S. domestic market by U.S. states and territories as well as their political subdivisions. Qualifying securities must be exempt from Federal taxes and must not be subject to the alternative minimum tax. In addition, qualifying securities must have at least six years but less than 17 years remaining term to final maturity, a fixed coupon schedule (including zero coupons and step-up or step-down bonds), and an investment grade rating (based on the middle rating of Moody's, S&P and Fitch).

Vaneck Intermediate Municipal ETF trades on the BATS stock market under the symbol ITM.

As of May 13, 2024, ITM stock price climbed to $46.06 with 174,813 million shares trading.

ITM has a beta of 0.21, meaning it tends to be less sensitive to market movements. ITM has a correlation of 0.25 to the broad based SPY ETF.

ITM has a market cap of $1.81 billion. This is considered a Small Cap stock.

In the last 3 years, ITM stock traded as high as $52.33 and as low as $43.35.

ITM has underperformed the market in the last year with a price return of +1.8% while the SPY ETF gained +27.8%. ITM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.2% and +0.8%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

ITM support price is $45.97 and resistance is $46.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ITM stock will trade within this expected range on the day.