Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sees Significant Decrease in Short Interest

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 40,727 shares, a decrease of 54.7% from the July 30th total of 89,829 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 213,367 shares, the short-interest ratio is currently 0.2 days.

Dimensional National Municipal Bond ETF Stock Down 0.1%

Shares of DFNM stock traded down $0.04 during trading hours on Friday, hitting $47.53. The company’s stock had a trading volume of 248,463 shares, compared to its average volume of 174,051. The business has a fifty day moving average of $47.94 and a 200-day moving average of $48.18. Dimensional National Municipal Bond ETF has a twelve month low of $47.33 and a twelve month high of $48.87.

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

A number of large investors have recently bought and sold shares of DFNM. Royal Bank of Canada raised its stake in Dimensional National Municipal Bond ETF by 6.5% in the 1st quarter. Royal Bank of Canada now owns 30,965 shares of the company’s stock valued at $1,473,000 after purchasing an additional 1,889 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Dimensional National Municipal Bond ETF by 160.9% during the first quarter. NewEdge Advisors LLC now owns 26,937 shares of the company’s stock worth $1,281,000 after buying an additional 16,613 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Dimensional National Municipal Bond ETF by 32.5% during the first quarter. Jane Street Group LLC now owns 44,323 shares of the company’s stock worth $2,108,000 after buying an additional 10,866 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Dimensional National Municipal Bond ETF by 292.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock valued at $58,000 after buying an additional 911 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Dimensional National Municipal Bond ETF in the second quarter valued at approximately $383,000.

Dimensional National Municipal Bond ETF Company Profile

The Dimensional National Municipal Bond ETF (DFNM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides exposure to intermediate-term, investment-grade municipal bonds that are exempt from federal income tax. DFNM was launched on Dec 15, 2021 and is managed by Dimensional.