Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) Stock Short Interest Rises 530.0%

Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 441 shares, an increase of 530.0% from the September 15th total of 70 shares. Based on an average daily volume of 28,094 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Mairs & Power Minnesota Municipal Bond ETF Price Performance

Shares of MINN traded up $0.12 during trading hours on Friday, hitting $20.82. The company had a trading volume of 6,137 shares, compared to its average volume of 12,218. The business has a fifty day moving average of $21.49 and a 200-day moving average of $22.02. Mairs & Power Minnesota Municipal Bond ETF has a 12 month low of $20.50 and a 12 month high of $23.14.

Mairs & Power Minnesota Municipal Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 25th were paid a $0.0584 dividend. This is an increase from Mairs & Power Minnesota Municipal Bond ETF’s previous monthly dividend of $0.0575. The ex-dividend date was Friday, September 25th. This represents a $0.70 dividend on an annualized basis and a yield of 3.4%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MINN. Farther Finance Advisors LLC lifted its holdings in shares of Mairs & Power Minnesota Municipal Bond ETF by 62.2% during the third quarter. Farther Finance Advisors LLC now owns 5,800 shares of the company’s stock worth $120,000 after buying an additional 2,224 shares in the last quarter. Trust Point Inc. raised its position in Mairs & Power Minnesota Municipal Bond ETF by 236.6% during the second quarter. Trust Point Inc. now owns 40,395 shares of the company’s stock valued at $905,000 after purchasing an additional 28,395 shares in the last quarter. First Heartland Consultants Inc. raised its holdings in shares of Mairs & Power Minnesota Municipal Bond ETF by 12.4% during the 2nd quarter. First Heartland Consultants Inc. now owns 19,878 shares of the company’s stock worth $445,000 after buying an additional 2,189 shares in the last quarter. Ballast Advisors LLC bought a new position in shares of Mairs & Power Minnesota Municipal Bond ETF in the first quarter worth about $34,000. Finally, Bayban grew its stake in shares of Mairs & Power Minnesota Municipal Bond ETF by 8.1% during the first quarter. Bayban now owns 35,298 shares of the company’s stock worth $781,000 after buying an additional 2,644 shares during the last quarter.

About Mairs & Power Minnesota Municipal Bond ETF

The Mairs & Power Minnesota Municipal Bond ETF (MINN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to target mainly investment-grade municipal securities of various maturities, with interest income that is exempted from federal and Minnesota state income tax. MINN was launched on Mar 12, 2021 and is managed by Mairs & Power.