ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 25,348 shares, an increase of 694.6% from the June 15th total of 3,190 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 7,381 shares, the short-interest ratio is currently 3.4 days.
ALPS Intermediate Municipal Bond ETF Stock Performance
MNBD remained flat at $26.01 during trading on Friday. 358 shares of the company’s stock were exchanged, compared to its average volume of 7,688. ALPS Intermediate Municipal Bond ETF has a 12 month low of $25.30 and a 12 month high of $26.46. The stock has a 50-day moving average of $25.96 and a two-hundred day moving average of $26.04.
Institutional Trading of ALPS Intermediate Municipal Bond ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Main Street Financial Solutions LLC purchased a new stake in shares of ALPS Intermediate Municipal Bond ETF in the second quarter valued at approximately $343,000. Arsenal Capital Advisors LLC acquired a new stake in shares of ALPS Intermediate Municipal Bond ETF in the fourth quarter valued at about $378,000. Jane Street Group LLC purchased a new stake in shares of ALPS Intermediate Municipal Bond ETF during the second quarter worth about $511,000. Concurrent Investment Advisors LLC increased its stake in shares of ALPS Intermediate Municipal Bond ETF by 508.2% during the fourth 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 shares of ALPS Intermediate Municipal Bond ETF during 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.
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