ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Sees Significant Decrease in Short Interest

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 1,350 shares, a decrease of 77.5% from the September 30th total of 5,997 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,928 shares, the short-interest ratio is presently 0.2 days.

ALPS Intermediate Municipal Bond ETF Stock Up 0.0%

ALPS Intermediate Municipal Bond ETF stock opened at $25.27 on Friday. The business has a 50 day moving average of $25.12 and a 200-day moving average of $25.77. ALPS Intermediate Municipal Bond ETF has a 1 year low of $24.43 and a 1 year high of $26.46.

Institutional Trading of ALPS Intermediate Municipal Bond ETF

A hedge fund recently bought a new position in ALPS Intermediate Municipal Bond ETF stock. Envestnet Asset Management Inc. purchased a new stake in ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,729 shares of the company’s stock, valued at approximately $201,000. Envestnet Asset Management Inc. owned approximately 0.35% of ALPS Intermediate Municipal Bond ETF at the end of the most recent quarter.

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.