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VanEck Intermediate Muni ETF (ITM)

Muni National Interm | Exchange Traded Fund | Cboe US
44.85 USD +0.40 (0.900%) ⇧ (Oct. 15, 2026, 4 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take ↕ | Oct. 10, 2026, 4:40 a.m. EDT

The VanEck Intermediate Muni ETF presents as a defensive, low-volatility holding rather than a dynamic investment opportunity. The price action over the last two months shows a distinct downtrend, trading significantly below both its 50-day and 200-day moving averages, which reflects persistent selling pressure and a failure to recover from prior lows. While the underlying business—intermediate-term municipal bonds—is fundamentally sound with stable cash flows, the market has punished the asset class, likely due to rising interest rates or a rotation away from fixed income. The 3.2% dividend yield is attractive but appears to be a lagging indicator of past performance rather than a forward-looking guarantee of capital appreciation. With zero consecutive years of negative returns at the end of the historical window and a flat-to-slightly-positive recent trajectory, the long-term outlook is neutral; there is no evidence of a structural decline, but also no compelling catalyst for a rapid rebound. The options market offers no insight, confirming that smart money is currently indifferent to the direction of this ETF. This is a hold for income seekers, not a trade for capital gains.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.026140
AutoETS0.026514
AutoARIMA0.026514
AutoTheta0.027031

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 70%
H-stat 32.50
Ljung-Box p 0.000
Jarque-Bera p 0.215
Excess Kurtosis -1.27

As of Oct. 10, 2026, 4:40 a.m. EDT: Options activity is exceptionally thin across all expirations, with negligible volume and open interest. The lack of meaningful positioning at strikes above or below the current price suggests a complete absence of speculative directional bets. Implied volatility remains low, indicating a lack of fear or greed driving the options market.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.25% 3.03% 2.86% 2.54%
Dividend History
Date Dividend Yield %
2026-10-01 0.1120 0.253738
2026-09-01 0.1190 0.262057
2026-08-03 0.1260 0.274749
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 3.2

Info Dump

Attribute Value
All Time High 52.38
All Time Low 35.77
Ask 0.0
Ask Size 600
Average Daily Volume10 Day 1,653,590
Average Daily Volume3 Month 734,757
Average Volume 734,757
Average Volume10Days 1,653,590
Beta3 Year 0.96
Bid 0.0
Bid Size 300
Category Muni National Interm
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 45.11
Day Low 44.52
Dividend Yield 3.2
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 45.0998
Fifty Day Average Change -0.24980164
Fifty Day Average Change Percent -0.0055388636
Fifty Two Week Change Percent -4.716378
Fifty Two Week High 48.02
Fifty Two Week High Change -3.170002
Fifty Two Week High Change Percent -0.0660142
Fifty Two Week Low 43.58
Fifty Two Week Low Change 1.2699966
Fifty Two Week Low Change Percent 0.02914173
Fifty Two Week Range 43.58 - 48.02
First Trade Date Milliseconds 1,196,951,400,000
Five Year Average Return -0.0025457998
Full Exchange Name Cboe US
Fullday Change 0.47200012
Fullday Change Percent 1.0619154
Fullday Price 44.85
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 PRE
Max Age 86,400
Message Board Id finmb_39364559
Nav Price 44.34
Net Assets 2,061,178,500.0
Net Expense Ratio 0.18
Open 44.52
Phone 888-658-8287
Previous Close 44.45
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change 0.399998
Regular Market Change Percent 0.899882
Regular Market Day High 45.11
Regular Market Day Low 44.52
Regular Market Day Range 44.52 - 45.11
Regular Market Open 44.52
Regular Market Previous Close 44.45
Regular Market Price 44.85
Regular Market Time 1,792,094,400
Regular Market Volume 1,658,808
Short Name VanEck Intermediate Muni ETF
Source Interval 15
Symbol ITM
Three Year Average Return 0.0302627
Total Assets 2,061,178,496
Tradeable 0
Trailing Peg Ratio None
Trailing Three Month Nav Returns -5.80847
Trailing Three Month Returns -5.80847
Triggerable 1
Two Hundred Day Average 46.46625
Two Hundred Day Average Change -1.6162529
Two Hundred Day Average Change Percent -0.03478337
Type Disp ETF
Volume 1,658,808
Yield 0.032
Ytd Return -4.61061