ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD – Get Free Report) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,350 shares, a decline of 77.5% from the September 30th total of 5,997 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 7,928 shares, the short-interest ratio is presently 0.2 days.
Hedge Funds Weigh In On ALPS Intermediate Municipal Bond ETF
A hedge fund recently bought a new position in ALPS Intermediate Municipal Bond ETF stock. Envestnet Asset Management Inc. bought a new stake in ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,729 shares of the company’s stock, valued at approximately $201,000. Envestnet Asset Management Inc. owned about 0.35% of ALPS Intermediate Municipal Bond ETF as of its most recent SEC filing.
ALPS Intermediate Municipal Bond ETF Stock Up 0.0%
Shares of NYSEARCA:MNBD traded up $0.01 during midday trading on Thursday, reaching $25.27. The company’s stock had a trading volume of 1,708 shares, compared to its average volume of 6,723. The stock has a fifty day moving average of $25.12 and a 200 day moving average of $25.77. ALPS Intermediate Municipal Bond ETF has a twelve month low of $24.43 and a twelve month high of $26.46.
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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