Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) Sees Large Decline in Short Interest

Mairs & Power Minnesota Municipal Bond ETF (BATS:MINNGet Free Report) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 13,107 shares, a decline of 37.3% from the April 15th total of 20,906 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 6,804 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Investors Weigh In On Mairs & Power Minnesota Municipal Bond ETF

Large investors have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in shares of Mairs & Power Minnesota Municipal Bond ETF in the 4th quarter valued at approximately $226,000. Fisher Asset Management LLC bought a new stake in shares of Mairs & Power Minnesota Municipal Bond ETF in the 3rd quarter valued at approximately $231,000. Trust Point Inc. bought a new stake in Mairs & Power Minnesota Municipal Bond ETF during the fourth quarter worth approximately $271,000. CPA Asset Management Group LLC boosted its position in Mairs & Power Minnesota Municipal Bond ETF by 5.3% during the fourth quarter. CPA Asset Management Group LLC now owns 13,112 shares of the company’s stock worth $296,000 after purchasing an additional 663 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Mairs & Power Minnesota Municipal Bond ETF by 12.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 14,722 shares of the company’s stock worth $332,000 after purchasing an additional 1,656 shares during the period.

Mairs & Power Minnesota Municipal Bond ETF Price Performance

Shares of BATS MINN opened at $22.20 on Tuesday. The business has a 50 day simple moving average of $22.34 and a 200 day simple moving average of $22.48. Mairs & Power Minnesota Municipal Bond ETF has a 52 week low of $21.39 and a 52 week high of $23.14.

Mairs & Power Minnesota Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a $0.0489 dividend. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from Mairs & Power Minnesota Municipal Bond ETF’s previous monthly dividend of $0.04.

Mairs & Power Minnesota Municipal Bond ETF Company Profile

(Get Free Report)

The Mairs & Power Minnesota Municipal Bond ETF (MINN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to target mainly investment-grade municipal securities of various maturities, with interest income that is exempted from federal and Minnesota state income tax. MINN was launched on Mar 12, 2021 and is managed by Mairs & Power.

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