Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sees Significant Growth in Short Interest

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 192,127 shares, a growth of 149.8% from the May 14th total of 76,898 shares. Based on an average daily trading volume, of 167,908 shares, the short-interest ratio is presently 1.1 days. Currently, 0.4% of the company’s stock are sold short.

Dimensional National Municipal Bond ETF Trading Down 0.0%

NYSEARCA:DFNM traded down $0.02 during mid-day trading on Friday, hitting $48.26. 144,140 shares of the company’s stock traded hands, compared to its average volume of 160,887. The company has a fifty day moving average of $48.20 and a 200 day moving average of $48.31. Dimensional National Municipal Bond ETF has a twelve month low of $47.15 and a twelve month high of $48.87.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. MAI Capital Management acquired a new position in shares of Dimensional National Municipal Bond ETF in the third quarter valued at about $36,000. Geneos Wealth Management Inc. increased its holdings in shares of Dimensional National Municipal Bond ETF by 292.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock valued at $58,000 after purchasing an additional 911 shares during the period. Blueline Advisors LLC acquired a new position in shares of Dimensional National Municipal Bond ETF in the fourth quarter valued at about $114,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Dimensional National Municipal Bond ETF by 32.1% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,775 shares of the company’s stock valued at $133,000 after purchasing an additional 674 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Dimensional National Municipal Bond ETF in the third quarter valued at about $146,000.

About Dimensional National Municipal Bond ETF

The Dimensional National Municipal Bond ETF (DFNM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides exposure to intermediate-term, investment-grade municipal bonds that are exempt from federal income tax. DFNM was launched on Dec 15, 2021 and is managed by Dimensional.