ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Short Interest Up 71.4% in September

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 13,200 shares, a growth of 71.4% from the August 31st total of 7,700 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is presently 4.0 days. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is presently 4.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tribridge Partners Financial LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF in the second quarter valued at $203,000. Main Street Financial Solutions LLC purchased a new position in shares of ALPS Intermediate Municipal Bond ETF in the 2nd quarter valued at about $343,000. Jane Street Group LLC purchased a new position in shares of ALPS Intermediate Municipal Bond ETF in the 2nd quarter valued at about $511,000. Truist Financial Corp acquired a new stake in shares of ALPS Intermediate Municipal Bond ETF in the second quarter valued at about $575,000. Finally, Strategic Financial Concepts LLC boosted its holdings in ALPS Intermediate Municipal Bond ETF by 32.7% during the first quarter. Strategic Financial Concepts LLC now owns 24,325 shares of the company’s stock worth $619,000 after buying an additional 5,995 shares in the last quarter.

ALPS Intermediate Municipal Bond ETF Stock Down 0.0%

Shares of NYSEARCA:MNBD opened at $25.84 on Monday. ALPS Intermediate Municipal Bond ETF has a fifty-two week low of $24.55 and a fifty-two week high of $26.10. The firm’s 50-day simple moving average is $25.64 and its 200-day simple moving average is $25.42.

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.