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

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 3,190 shares, a drop of 60.5% from the May 31st total of 8,077 shares. Based on an average daily volume of 7,253 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

ALPS Intermediate Municipal Bond ETF Price Performance

MNBD stock traded up $0.02 during trading on Monday, reaching $26.08. 797 shares of the company were exchanged, compared to its average volume of 7,875. The company has a 50-day moving average of $25.95 and a two-hundred day moving average of $26.03. ALPS Intermediate Municipal Bond ETF has a twelve month low of $25.30 and a twelve month high of $26.46.

Institutional Trading of ALPS Intermediate Municipal Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC increased its holdings 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 worth $665,000 after buying an additional 1,091 shares in the last quarter. Main Street Financial Solutions LLC bought a new stake in ALPS Intermediate Municipal Bond ETF during the 2nd quarter worth $343,000. Arsenal Capital Advisors LLC bought a new stake in ALPS Intermediate Municipal Bond ETF during the 4th quarter worth $378,000. Concurrent Investment Advisors LLC increased its holdings in ALPS Intermediate Municipal Bond ETF by 508.2% in the 4th quarter. Concurrent Investment Advisors LLC now owns 51,308 shares of the company’s stock worth $1,332,000 after purchasing an additional 42,872 shares in the last quarter. Finally, Tenzing Financial LLC acquired a new position in ALPS Intermediate Municipal Bond ETF in the 4th quarter worth about $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.