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

Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 5,132 shares, an increase of 1,063.7% from the September 30th total of 441 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 15,534 shares, the days-to-cover ratio is currently 0.3 days.

Mairs & Power Minnesota Municipal Bond ETF Stock Performance

Shares of BATS:MINN traded up $0.10 during trading on Monday, hitting $21.49. The company’s stock had a trading volume of 9,064 shares, compared to its average volume of 12,561. The business has a 50 day moving average price of $21.29 and a two-hundred day moving average price of $22.11. Mairs & Power Minnesota Municipal Bond ETF has a fifty-two week low of $20.50 and a fifty-two week high of $23.14.

Mairs & Power Minnesota Municipal Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be paid a dividend of $0.0569 per share. This represents a $0.68 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, October 23rd. This is a negative change from Mairs & Power Minnesota Municipal Bond ETF’s previous monthly dividend of $0.0584.

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

Large investors have recently bought and sold shares of the stock. Focus Financial Network Inc. purchased a new position in shares of Mairs & Power Minnesota Municipal Bond ETF in the 3rd quarter valued at about $206,000. Farther Finance Advisors LLC increased its stake in shares of Mairs & Power Minnesota Municipal Bond ETF by 62.2% during the third quarter. Farther Finance Advisors LLC now owns 5,800 shares of the company’s stock worth $120,000 after buying an additional 2,224 shares during the period. Trust Point Inc. increased its stake in shares of Mairs & Power Minnesota Municipal Bond ETF by 236.6% during the second quarter. Trust Point Inc. now owns 40,395 shares of the company’s stock worth $905,000 after buying an additional 28,395 shares during the period. First Heartland Consultants Inc. raised its holdings in Mairs & Power Minnesota Municipal Bond ETF by 12.4% in the second quarter. First Heartland Consultants Inc. now owns 19,878 shares of the company’s stock valued at $445,000 after acquiring an additional 2,189 shares in the last quarter. Finally, Ballast Advisors LLC acquired a new stake in Mairs & Power Minnesota Municipal Bond ETF in the first quarter valued at approximately $34,000.

Mairs & Power Minnesota Municipal Bond ETF Company Profile

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.