Short Interest in ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Increases By 139.1%

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 55,099 shares, an increase of 139.1% from the February 12th total of 23,047 shares. Based on an average daily trading volume, of 16,136 shares, the days-to-cover ratio is presently 3.4 days. Approximately 3.4% of the company’s shares are short sold. Approximately 3.4% of the company’s shares are short sold. Based on an average daily trading volume, of 16,136 shares, the days-to-cover ratio is presently 3.4 days.

ALPS Intermediate Municipal Bond ETF Trading Up 0.1%

NYSEARCA:MNBD opened at $26.08 on Friday. The company has a fifty day moving average of $26.20 and a 200-day moving average of $26.01. ALPS Intermediate Municipal Bond ETF has a twelve month low of $24.55 and a twelve month high of $26.46.

ALPS Intermediate Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, February 24th. Investors of record on Thursday, February 19th were given a $0.0612 dividend. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, February 19th.

Institutional Investors Weigh In On ALPS Intermediate Municipal Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Redhawk Wealth Advisors Inc. bought a new stake in ALPS Intermediate Municipal Bond ETF during the 3rd quarter valued at $1,090,000. Tribridge Partners Financial LLC purchased a new stake in shares of ALPS Intermediate Municipal Bond ETF in the second quarter worth approximately $203,000. Jane Street Group LLC boosted its position in shares of 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 valued at $665,000 after buying an additional 1,091 shares during the last quarter. Main Street Financial Solutions LLC bought a new stake in ALPS Intermediate Municipal Bond ETF during the second quarter worth $343,000. Finally, Tenzing Financial LLC bought a new position in ALPS Intermediate Municipal Bond ETF during the 4th quarter valued at $1,811,000.

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.