ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Short Interest Down 73.5% in July

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 6,718 shares, a decline of 73.5% from the June 30th total of 25,348 shares. Based on an average trading volume of 3,717 shares, the short-interest ratio is currently 1.8 days. Approximately 0.3% of the company’s stock are sold short.

ALPS Intermediate Municipal Bond ETF Stock Performance

MNBD stock traded down $0.01 during midday trading on Monday, hitting $25.64. The company’s stock had a trading volume of 30,250 shares, compared to its average volume of 7,431. ALPS Intermediate Municipal Bond ETF has a 12 month low of $24.74 and a 12 month high of $26.46. The firm’s 50-day moving average is $25.94 and its 200-day moving average is $26.03.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MNBD. Main Street Financial Solutions LLC bought a new position in shares of ALPS Intermediate Municipal Bond ETF during the second quarter valued at $343,000. Arsenal Capital Advisors LLC purchased a new position in ALPS Intermediate Municipal Bond ETF in the 4th quarter worth about $378,000. Jane Street Group LLC purchased a new position in ALPS Intermediate Municipal Bond ETF in the 2nd quarter worth about $511,000. Concurrent Investment Advisors LLC lifted its stake in 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 period. Finally, Tenzing Financial LLC bought a new position in ALPS Intermediate Municipal Bond ETF during the 4th quarter valued at about $1,811,000.

About ALPS Intermediate Municipal Bond ETF

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.