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VanEck Intermediate Muni ETF (ITM)

Muni National Interm | Exchange Traded Fund | Cboe US
46.65 USD -0.05 (-0.107%) ⇩ (July 13, 2026, 4 p.m. EDT)
After hours: 46.65
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take ↕ | July 11, 2026, 6:42 a.m. EDT

The VanEck Intermediate Muni ETF presents as a defensive, low-volatility holding currently trading near its 52-week lows, reflecting a cautious market stance on municipal debt. While the recent price action shows a slight dip, the broader multi-year trajectory reveals a persistent struggle, having lost over 8% of its value since 2016 with five out of nine years posting negative returns. This structural underperformance suggests the market is pricing in ongoing challenges for intermediate-duration munis, likely driven by rising rates or credit concerns, rather than a temporary dislocation. However, the asset offers a compelling 2.92% yield that has remained remarkably stable despite the price weakness, providing a steady income floor for investors willing to accept the capital appreciation drag. The options market remains silent, offering no clear directional signal, which reinforces the view that this is a defensive play rather than a momentum opportunity. For a long-term investor, the thesis rests entirely on the durability of the underlying tax-exempt cash flows and the potential for a mean reversion in yields, though the historical data warns that recovery has been slow and intermittent.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.002891
MSTL0.003207
AutoARIMA0.003339
AutoETS0.003482
MSTL_1260.006829
MSTL_900.007375
MSTL_90_1260.010845

Forecast horizon: 60 days | Selected: AutoTheta

Forecast Reliability
Score 75%
H-stat 1.85
Ljung-Box p 0.000
Jarque-Bera p 0.010
Excess Kurtosis 0.51

As of July 11, 2026, 6:42 a.m. EDT: Options activity is virtually dormant with negligible open interest and volume across all expirations. Implied volatility is elevated relative to the deep out-of-the-money strikes, suggesting a baseline hedge against downside rather than aggressive directional bets. The lack of significant positioning indicates a wait-and-see approach by speculators.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.28% 2.97% 2.81% 2.47%
Dividend History
Date Dividend Yield %
2026-07-01 0.1320 0.281991
2026-06-01 0.1060 0.226496
2026-05-01 0.1130 0.242281
2026-04-01 0.1340 0.288544
2026-03-02 0.1040 0.217801
2026-02-02 0.1170 0.247200
2025-12-29 0.1180 0.250318
2025-11-28 0.1090 0.231668
2025-11-03 0.1190 0.253569
2025-10-01 0.1070 0.229762
2025-09-02 0.1130 0.248352
2025-08-01 0.1150 0.252414
2025-07-01 0.1160 0.255394
2025-06-02 0.1150 0.255783
2025-05-01 0.1010 0.223057
2025-04-01 0.1260 0.276558
2025-03-03 0.0990 0.212629
2025-02-03 0.1100 0.239234
2024-12-27 0.1110 0.241409
2024-12-02 0.1020 0.218884
2024-11-01 0.1080 0.235243
2024-10-01 0.1000 0.212902
2024-09-03 0.1050 0.225758
2024-08-01 0.1100 0.237530
2024-07-01 0.1020 0.223341
2024-06-03 0.1070 0.235579
2024-05-01 0.1000 0.218341
2024-04-01 0.1110 0.239741
2024-03-01 0.0970 0.207842
2024-02-01 0.1040 0.222080
2023-12-27 0.1010 0.214392
2023-12-01 0.0950 0.206657
2023-11-01 0.0990 0.227273
2023-10-02 0.0880 0.200501
2023-09-01 0.0940 0.207597
2023-08-01 0.0960 0.208968
2023-07-03 0.0900 0.195950
2023-06-01 0.0960 0.209882
2023-05-01 0.0870 0.188720
2023-04-03 0.1070 0.230554
2023-03-01 0.0810 0.178611
2023-02-01 0.0920 0.196371
2022-12-28 0.0820 0.180022
2022-12-01 0.0750 0.164006
2022-11-01 0.0780 0.179187
2022-10-03 0.0720 0.164421
2022-09-01 0.0740 0.163681
2022-08-01 0.0770 0.164109
2022-07-01 0.0800 0.174672
2022-06-01 0.0720 0.155172
2022-05-02 0.0700 0.154185
2022-04-01 0.0660 0.139771
2022-03-01 0.0620 0.125710
2022-02-01 0.0680 0.136876
2021-12-29 0.0720 0.140378
2021-12-01 0.0660 0.128580
2021-11-01 0.0730 0.143362
2021-10-01 0.0670 0.130936
2021-09-01 0.0720 0.139077
2021-08-02 0.0750 0.144037
2021-07-01 0.0710 0.137198
2021-06-01 0.0770 0.148965
2021-05-03 0.0760 0.147344
2021-04-01 0.0800 0.156250
2021-03-01 0.0670 0.131398
2021-02-01 0.0760 0.145594
2020-12-29 0.1540 0.296211
2020-12-01 0.0760 0.146860
2020-11-02 0.0850 0.166961
2020-10-01 0.0780 0.152433
2020-09-01 0.0830 0.161479
2020-08-03 0.0890 0.171815
2020-07-01 0.0820 0.161290
2020-06-01 0.0940 0.185587
2020-05-01 0.0910 0.188328
2020-04-01 0.0960 0.200795
2020-03-02 0.0810 0.156703
2020-02-03 0.0980 0.191893
2019-12-30 0.1540 0.306346
2019-12-02 0.0900 0.179784
2019-11-01 0.0910 0.181275
2019-10-01 0.0890 0.177044
2019-09-03 0.0910 0.178642
2019-08-01 0.0940 0.187214
2019-07-01 0.0910 0.183025
2019-06-03 0.0930 0.187085
2019-05-01 0.0930 0.190301
2019-04-01 0.0960 0.197409
2019-03-01 0.0870 0.181477
2019-02-01 0.0950 0.199245
2018-12-27 0.0960 0.202617
2018-12-03 0.0910 0.194569
2018-11-01 0.0960 0.208153
2018-10-01 0.0920 0.197849
2018-09-04 0.0940 0.199660
2018-08-01 0.0940 0.200256
2018-07-02 0.0900 0.191571
2018-06-01 0.0940 0.199830
2018-05-01 0.0920 0.197679
2018-04-02 0.0940 0.200085
2018-03-01 0.0840 0.179028
2018-02-01 0.0920 0.195412
2017-12-27 0.0900 0.187266
2017-12-01 0.0880 0.183793
2017-11-01 0.0900 0.186955
2017-10-02 0.0880 0.183104
2017-09-01 0.0900 0.185874
2017-08-01 0.0900 0.187110
2017-07-03 0.0820 0.171692
2017-06-01 0.0920 0.191667
2017-05-01 0.0880 0.186520
2017-04-03 0.0920 0.196162
2017-03-01 0.0820 0.175664
2017-02-01 0.0900 0.193465
2016-12-28 0.0920 0.198876
2016-12-01 0.0860 0.188679
2016-11-01 0.0900 0.185720
2016-10-03 0.0840 0.170871
2016-09-01 0.0860 0.173878
2016-08-01 0.0880 0.178138
2016-07-01 0.0860 0.173108
2016-06-01 0.0900 0.184881
2016-05-02 0.0880 0.180476
2016-04-01 0.0940 0.194376
2016-03-01 0.0840 0.173841
2016-02-01 0.0940 0.194055
2015-12-29 0.0900 0.188048
2015-12-01 0.0900 0.189314
2015-11-02 0.0900 0.190597
2015-10-01 0.0900 0.190759
2015-09-01 0.0940 0.201113
2015-08-03 0.0920 0.196581
2015-07-01 0.0920 0.198962
2015-06-01 0.0920 0.197849
2015-05-01 0.0880 0.187874
2015-04-01 0.0940 0.197728
2015-03-02 0.0840 0.178117
2015-02-02 0.0940 0.194698
2014-12-29 0.0960 0.203562
2014-12-01 0.0940 0.199915
2014-11-03 0.0960 0.203995
2014-10-01 0.0940 0.200000
2014-09-02 0.1000 0.213311
2014-08-01 0.0980 0.210572
2014-07-01 0.0940 0.202849
2014-06-02 0.0960 0.206629
2014-05-01 0.0940 0.203728
2014-04-01 0.0980 0.215859
2014-03-03 0.0900 0.196592
2014-02-03 0.0980 0.216527
2013-12-27 0.1000 0.226757
2013-12-02 0.1020 0.229730
2013-11-01 0.0980 0.218652
2013-10-01 0.0960 0.215440
2013-09-03 0.1000 0.233318
2013-08-01 0.0960 0.219078
2013-07-01 0.0960 0.218679
2013-06-03 0.0940 0.203112
2013-05-01 0.0940 0.197479
2013-04-01 0.0980 0.209044
2013-03-01 0.0860 0.181895
2013-02-01 0.0980 0.207539
2012-12-27 0.1000 0.211864
2012-12-03 0.0960 0.198923
2012-11-01 0.1020 0.215463
2012-10-01 0.0980 0.207013
2012-09-04 0.1000 0.211864
2012-08-01 0.1020 0.215827
2012-07-02 0.1040 0.223752
2012-06-01 0.1060 0.226399
2012-05-01 0.1080 0.232658
2012-04-02 0.1140 0.249126
2012-03-01 0.1040 0.223945
2012-02-01 0.1140 0.243070
2011-12-28 0.1180 0.258432
2011-12-01 0.1140 0.255376
2011-11-01 0.1200 0.269179
2011-10-03 0.1180 0.264455
2011-09-01 0.1280 0.287899
2011-08-01 0.1260 0.290055
2011-07-01 0.1240 0.286771
2011-06-01 0.1260 0.290859
2011-05-02 0.1240 0.289855
2011-04-01 0.1300 0.310856
2011-03-01 0.1180 0.280418
2011-02-01 0.1280 0.312347
2010-12-29 0.1860 0.445829
2010-12-01 0.1220 0.284515
2010-11-01 0.1220 0.276018
2010-10-01 0.1200 0.270149
2010-09-01 0.1220 0.270991
2010-08-02 0.1240 0.282976
2010-07-01 0.1240 0.287303
2010-06-01 0.1240 0.286506
2010-05-03 0.1200 0.278810
2010-04-01 0.1200 0.281955
2010-03-01 0.1140 0.264378
2010-02-01 0.1240 0.290262
2009-12-29 0.1360 0.319249
2009-12-01 0.1220 0.284648
2009-11-02 0.1260 0.297732
2009-10-01 0.1220 0.278921
2009-09-01 0.1260 0.297450
2009-08-03 0.1360 0.326296
2009-07-01 0.1340 0.329887
2009-06-01 0.1320 0.320388
2009-05-01 0.1320 0.317308
2009-04-01 0.1280 0.311284
2009-03-02 0.1260 0.304495
2009-02-02 0.1120 0.267431
2008-12-26 0.1240 0.313448
2008-12-01 0.1460 0.369995
2008-11-03 0.1180 0.301020
2008-10-01 0.1112 0.281120
2008-09-02 0.1308 0.318372
2008-08-01 0.1312 0.322612
2008-07-01 0.1200 0.294204
2008-06-02 0.1160 0.279761
2008-05-01 0.0752 0.181836
2008-04-01 0.1472 0.356658
2008-03-03 0.1428 0.343302
2008-02-01 0.1348 0.317655
2007-12-28 0.0912 0.217661
Additional Data
dividendYield 2.92

Info Dump

Attribute Value
All Time High 52.38
All Time Low 35.77
Ask 0.0
Ask Size 700
Average Daily Volume10 Day 159,800
Average Daily Volume3 Month 207,154
Average Volume 207,154
Average Volume10Days 159,800
Beta3 Year 0.97
Bid 0.0
Bid Size 300
Category Muni National Interm
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 46.705
Day Low 46.62
Dividend Yield 2.92
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 46.7692
Fifty Day Average Change -0.119197845
Fifty Day Average Change Percent -0.00254864
Fifty Two Week Change Percent 2.9087663
Fifty Two Week High 48.02
Fifty Two Week High Change -1.3699989
Fifty Two Week High Change Percent -0.028529758
Fifty Two Week Low 45.13
Fifty Two Week Low Change 1.5200005
Fifty Two Week Low Change Percent 0.033680487
Fifty Two Week Range 45.13 - 48.02
First Trade Date Milliseconds 1,196,951,400,000
Five Year Average Return 0.0029071998
Full Exchange Name Cboe US
Fund Family VanEck
Fund Inception Date 1,196,726,400
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund normally invests at least 80% of its total assets in fixed income securities that comprise the index. The index is comprised of publicly traded municipal bonds that cover the U.S. dollar denominated intermediate term tax-exempt bond market.
Long Name VanEck Intermediate Muni ETF
Market us_market
Market State PREPRE
Max Age 86,400
Message Board Id finmb_39364559
Nav Price 46.7
Net Assets 2,189,828,610.0
Net Expense Ratio 0.18
Open 46.71
Phone 888-658-8287
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 46.65
Post Market Time 1,783,976,700
Previous Close 46.7
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -0.0499992
Regular Market Change Percent -0.107065
Regular Market Day High 46.705
Regular Market Day Low 46.62
Regular Market Day Range 46.62 - 46.705
Regular Market Open 46.71
Regular Market Previous Close 46.7
Regular Market Price 46.65
Regular Market Time 1,783,972,800
Regular Market Volume 109,979
Short Name VanEck Intermediate Muni ETF
Source Interval 15
Symbol ITM
Three Year Average Return 0.0349941
Total Assets 2,189,828,608
Tradeable 0
Trailing Peg Ratio None
Trailing Three Month Nav Returns 1.93021
Trailing Three Month Returns 1.93021
Triggerable 1
Two Hundred Day Average 46.99795
Two Hundred Day Average Change -0.34794998
Two Hundred Day Average Change Percent -0.007403514
Type Disp ETF
Volume 109,979
Yield 0.0292
Ytd Return 1.27173