ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Short Interest Down 29.9% in February

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 23,047 shares, a decline of 29.9% from the January 29th total of 32,868 shares. Based on an average daily volume of 18,129 shares, the short-interest ratio is currently 1.3 days. Approximately 1.4% of the shares of the company are sold short. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 18,129 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On ALPS Intermediate Municipal Bond ETF

Large investors have recently made changes to their positions in the stock. Tenzing Financial LLC acquired a new stake in shares of ALPS Intermediate Municipal Bond ETF in the fourth quarter valued at about $1,811,000. Concurrent Investment Advisors LLC increased its holdings in ALPS Intermediate Municipal Bond ETF by 508.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 51,308 shares of the company’s stock valued at $1,332,000 after buying an additional 42,872 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in shares of ALPS Intermediate Municipal Bond ETF during the 3rd quarter valued at approximately $1,090,000. Jane Street Group LLC purchased a new stake in shares of ALPS Intermediate Municipal Bond ETF during the 2nd quarter worth approximately $511,000. Finally, Arsenal Capital Advisors LLC acquired a new stake in shares of ALPS Intermediate Municipal Bond ETF in the 4th quarter worth approximately $378,000.

ALPS Intermediate Municipal Bond ETF Price Performance

Shares of MNBD remained flat at $26.42 during mid-day trading on Friday. The stock had a trading volume of 10,401 shares, compared to its average volume of 11,844. ALPS Intermediate Municipal Bond ETF has a 1-year low of $24.55 and a 1-year high of $26.46. The business has a fifty day moving average of $26.15 and a 200-day moving average of $25.96.

ALPS Intermediate Municipal Bond ETF Cuts Dividend

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

About ALPS Intermediate Municipal Bond ETF

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.