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

Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 70 shares, a decline of 99.8% from the August 31st total of 33,727 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 18,124 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Mairs & Power Minnesota Municipal Bond ETF

A number of large investors have recently modified their holdings of MINN. Ballast Advisors LLC acquired a new position in Mairs & Power Minnesota Municipal Bond ETF during the 1st quarter worth $34,000. First Heartland Consultants Inc. lifted its stake 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 worth $445,000 after acquiring an additional 2,189 shares during the last quarter. Bayban acquired a new position in Mairs & Power Minnesota Municipal Bond ETF during the 4th quarter worth approximately $736,000. Trust Point Inc. raised its holdings in shares of Mairs & Power Minnesota Municipal Bond ETF by 236.6% in the 2nd quarter. Trust Point Inc. now owns 40,395 shares of the company’s stock valued at $905,000 after purchasing an additional 28,395 shares in the last quarter. Finally, Tradition Wealth Management LLC purchased a new stake in shares of Mairs & Power Minnesota Municipal Bond ETF during the 4th quarter worth $1,051,000.

Mairs & Power Minnesota Municipal Bond ETF Stock Performance

Shares of Mairs & Power Minnesota Municipal Bond ETF stock opened at $20.80 on Friday. The business has a 50-day moving average of $21.74 and a 200 day moving average of $22.13. Mairs & Power Minnesota Municipal Bond ETF has a 12 month low of $20.79 and a 12 month high of $23.14.

Mairs & Power Minnesota Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 25th will be paid a dividend of $0.0584 per share. This represents a $0.70 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, September 25th. This is an increase from Mairs & Power Minnesota Municipal Bond ETF’s previous monthly dividend of $0.0575.

About Mairs & Power Minnesota Municipal Bond ETF

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.