ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Short Interest Update

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 16,248 shares, an increase of 145.0% from the March 15th total of 6,632 shares. Based on an average daily volume of 5,274 shares, the days-to-cover ratio is presently 3.1 days. Currently, 0.8% of the company’s shares are sold short.

ALPS Intermediate Municipal Bond ETF Stock Performance

ALPS Intermediate Municipal Bond ETF stock opened at $26.02 on Tuesday. ALPS Intermediate Municipal Bond ETF has a 1 year low of $25.01 and a 1 year high of $26.46. The firm has a 50 day moving average price of $26.12 and a 200 day moving average price of $26.04.

Institutional Investors Weigh In On ALPS Intermediate Municipal Bond ETF

A number of institutional investors have recently bought and sold shares of the stock. Tribridge Partners Financial LLC grew its stake in ALPS Intermediate Municipal Bond ETF by 9.8% during the third quarter. Tribridge Partners Financial LLC now owns 8,783 shares of the company’s stock worth $227,000 after buying an additional 787 shares during the period. Jane Street Group LLC grew its stake in ALPS Intermediate Municipal Bond ETF by 4.5% during the fourth quarter. Jane Street Group LLC now owns 25,590 shares of the company’s stock worth $665,000 after buying an additional 1,091 shares during the period. Truist Financial Corp grew its stake in ALPS Intermediate Municipal Bond ETF by 4.9% during the third quarter. Truist Financial Corp now owns 23,708 shares of the company’s stock worth $612,000 after buying an additional 1,100 shares during the period. Concurrent Investment Advisors LLC purchased a new stake in ALPS Intermediate Municipal Bond ETF during the third quarter worth approximately $218,000. Finally, Main Street Financial Solutions LLC purchased a new stake in ALPS Intermediate Municipal Bond ETF during the second quarter worth approximately $343,000.

ALPS Intermediate Municipal Bond ETF Company Profile

The ALPS Intermediate Municipal Bond ETF (MNBD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to provide exposure to investment-grade, intermediate-term municipal bonds that are exempt from federal income tax. MNBD was launched on May 19, 2022 and is managed by ALPS.