ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Sees Significant Drop in Short Interest

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 6,718 shares, a drop of 73.5% from the June 30th total of 25,348 shares. Based on an average daily volume of 3,717 shares, the short-interest ratio is presently 1.8 days. Currently, 0.3% of the company’s stock are short sold.

ALPS Intermediate Municipal Bond ETF Stock Performance

Shares of NYSEARCA MNBD traded up $0.05 during trading on Friday, reaching $25.65. 3,583 shares of the company traded hands, compared to its average volume of 7,268. The firm has a 50 day simple moving average of $25.94 and a 200-day simple moving average of $26.03. ALPS Intermediate Municipal Bond ETF has a 52-week low of $25.30 and a 52-week high of $26.46.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its position in shares of ALPS Intermediate Municipal Bond ETF by 4.5% during the 4th quarter. Jane Street Group LLC now owns 25,590 shares of the company’s stock valued at $665,000 after acquiring an additional 1,091 shares during the period. Main Street Financial Solutions LLC bought a new position in ALPS Intermediate Municipal Bond ETF in the 2nd quarter worth $343,000. Arsenal Capital Advisors LLC purchased a new position in ALPS Intermediate Municipal Bond ETF during the fourth quarter valued at $378,000. Tenzing Financial LLC grew its holdings in ALPS Intermediate Municipal Bond ETF by 19.1% during the second quarter. Tenzing Financial LLC now owns 146,363 shares of the company’s stock valued at $3,824,000 after purchasing an additional 23,508 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position 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 worth $1,332,000 after buying an additional 42,872 shares in the last quarter.

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.