ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Sees Large Drop in Short Interest

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 3,818 shares, a decline of 43.2% from the July 15th total of 6,718 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 5,612 shares, the days-to-cover ratio is currently 0.7 days.

ALPS Intermediate Municipal Bond ETF Stock Down 0.0%

NYSEARCA MNBD traded down $0.01 during trading hours on Monday, hitting $25.76. The company had a trading volume of 557 shares, compared to its average volume of 6,990. The firm’s 50 day moving average is $25.89 and its 200 day moving average is $25.99. ALPS Intermediate Municipal Bond ETF has a fifty-two week low of $24.74 and a fifty-two week high of $26.46.

Institutional Investors Weigh In On ALPS Intermediate Municipal Bond ETF

A number of large investors have recently modified their holdings of MNBD. Main Street Financial Solutions LLC acquired a new position in ALPS Intermediate Municipal Bond ETF during the 2nd quarter worth approximately $343,000. Arsenal Capital Advisors LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF in the fourth quarter valued at approximately $378,000. Jane Street Group LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF in the second quarter valued at approximately $511,000. Concurrent Investment Advisors LLC raised its stake in shares of ALPS Intermediate Municipal Bond ETF by 508.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 51,308 shares of the company’s stock valued at $1,332,000 after purchasing an additional 42,872 shares during the period. Finally, Tenzing Financial LLC acquired a new position in shares of ALPS Intermediate Municipal Bond ETF during the fourth quarter worth $1,811,000.

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.