ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Short Interest Up 29.8% in January

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 12,832 shares, an increase of 29.8% from the December 31st total of 9,883 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 7,413 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily trading volume, of 7,413 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.8% of the company’s shares are sold short.

ALPS Intermediate Municipal Bond ETF Price Performance

Shares of MNBD stock traded up $0.02 during trading hours on Tuesday, reaching $26.17. 13,979 shares of the stock were exchanged, compared to its average volume of 7,281. ALPS Intermediate Municipal Bond ETF has a 12-month low of $24.55 and a 12-month high of $26.29. The company’s 50-day moving average price is $26.02 and its 200-day moving average price is $25.85.

ALPS Intermediate Municipal Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Investors of record on Thursday, January 22nd were issued a $0.08 dividend. The ex-dividend date was Thursday, January 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

Institutional Investors Weigh In On ALPS Intermediate Municipal Bond ETF

Several large investors have recently modified their holdings of the business. Concurrent Investment Advisors LLC boosted its position in shares of ALPS Intermediate Municipal Bond ETF by 508.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 51,308 shares of the company’s stock valued at $1,332,000 after acquiring an additional 42,872 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in ALPS Intermediate Municipal Bond ETF during the third quarter worth $1,090,000. Truist Financial Corp purchased a new position in shares of ALPS Intermediate Municipal Bond ETF during the second quarter worth $575,000. Jane Street Group LLC purchased a new stake in shares of ALPS Intermediate Municipal Bond ETF in the 2nd quarter valued at $511,000. Finally, Main Street Financial Solutions LLC acquired a new stake in shares of ALPS Intermediate Municipal Bond ETF during the second quarter worth about $343,000.

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.