Short Interest in ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Grows By 139.1%

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 55,099 shares, an increase of 139.1% from the February 12th total of 23,047 shares. Approximately 3.4% of the shares of the company are short sold. Based on an average daily trading volume, of 16,136 shares, the short-interest ratio is currently 3.4 days. Based on an average daily trading volume, of 16,136 shares, the short-interest ratio is currently 3.4 days. Approximately 3.4% of the shares of the company are short sold.

ALPS Intermediate Municipal Bond ETF Stock Performance

MNBD opened at $26.11 on Thursday. The stock’s 50 day moving average price is $26.20 and its 200 day moving average price is $26.00. ALPS Intermediate Municipal Bond ETF has a 12 month low of $24.55 and a 12 month high of $26.46.

ALPS Intermediate Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 24th. Investors of record on Thursday, February 19th were paid a dividend of $0.0612 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, February 19th.

Hedge Funds Weigh In On ALPS Intermediate Municipal Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tenzing Financial LLC bought a new stake in shares of ALPS Intermediate Municipal Bond ETF during the 4th quarter worth about $1,811,000. Concurrent Investment Advisors LLC raised its holdings in 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 worth $1,332,000 after purchasing an additional 42,872 shares in the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in ALPS Intermediate Municipal Bond ETF during the third quarter worth approximately $1,090,000. Jane Street Group LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF in the second quarter worth approximately $511,000. Finally, Arsenal Capital Advisors LLC bought a new position in ALPS Intermediate Municipal Bond ETF during the 4th quarter valued at $378,000.

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.