Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Short Interest Update

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 127,357 shares, a growth of 212.7% from the August 15th total of 40,727 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 220,361 shares, the days-to-cover ratio is presently 0.6 days.

Dimensional National Municipal Bond ETF Stock Performance

NYSEARCA:DFNM traded up $0.06 during trading hours on Friday, reaching $46.93. The stock had a trading volume of 399,830 shares, compared to its average volume of 179,679. Dimensional National Municipal Bond ETF has a 52 week low of $46.83 and a 52 week high of $48.87. The company has a 50 day moving average price of $47.72 and a two-hundred day moving average price of $48.08.

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

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

About Dimensional National Municipal Bond ETF

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.