ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Sees Significant Growth in Short Interest

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 32,868 shares, an increase of 156.1% from the January 15th total of 12,832 shares. Based on an average trading volume of 6,310 shares, the short-interest ratio is currently 5.2 days. Approximately 2.0% of the company’s stock are sold short. Approximately 2.0% of the company’s stock are sold short. Based on an average trading volume of 6,310 shares, the short-interest ratio is currently 5.2 days.

Institutional Investors Weigh In On ALPS Intermediate Municipal Bond ETF

Large investors have recently bought and sold shares of the business. Jane Street Group LLC increased its position in ALPS Intermediate Municipal Bond ETF by 4.5% during the fourth quarter. Jane Street Group LLC now owns 25,590 shares of the company’s stock worth $665,000 after buying an additional 1,091 shares during the last quarter. Arsenal Capital Advisors LLC bought a new stake in shares of ALPS Intermediate Municipal Bond ETF during the 4th quarter worth about $378,000. Concurrent Investment Advisors LLC increased its holdings 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. Truist Financial Corp increased its holdings in shares of ALPS Intermediate Municipal Bond ETF by 4.9% during the 3rd quarter. Truist Financial Corp now owns 23,708 shares of the company’s stock valued at $612,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Tribridge Partners Financial LLC lifted its holdings in ALPS Intermediate Municipal Bond ETF by 9.8% in the 3rd quarter. Tribridge Partners Financial LLC now owns 8,783 shares of the company’s stock worth $227,000 after purchasing an additional 787 shares during the last quarter.

ALPS Intermediate Municipal Bond ETF Stock Up 0.0%

Shares of ALPS Intermediate Municipal Bond ETF stock traded up $0.01 during trading on Friday, hitting $26.34. 18,673 shares of the stock traded hands, compared to its average volume of 10,572. The company has a fifty day moving average price of $26.07 and a two-hundred day moving average price of $25.90. ALPS Intermediate Municipal Bond ETF has a twelve month low of $24.55 and a twelve month high of $26.39.

ALPS Intermediate Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Stockholders of record on Thursday, January 22nd were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, January 22nd. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.