ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Short Interest Update

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 32,868 shares, an increase of 156.1% from the January 15th total of 12,832 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily volume of 6,310 shares, the short-interest ratio is presently 5.2 days. Based on an average daily volume of 6,310 shares, the short-interest ratio is presently 5.2 days. Currently, 2.0% of the shares of the stock are sold short.

ALPS Intermediate Municipal Bond ETF Stock Up 0.2%

NYSEARCA:MNBD traded up $0.07 during trading hours on Thursday, hitting $26.33. 10,412 shares of the stock were exchanged, compared to its average volume of 10,011. The company’s 50 day moving average is $26.06 and its two-hundred day moving average is $25.89. ALPS Intermediate Municipal Bond ETF has a twelve month low of $24.55 and a twelve month high of $26.35.

ALPS Intermediate Municipal Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Investors of record on Thursday, January 22nd were issued a $0.08 dividend. The ex-dividend date was Thursday, January 22nd. This represents a c) annualized dividend and a yield of 3.6%.

Institutional Trading of ALPS Intermediate Municipal Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC boosted its stake in ALPS Intermediate Municipal Bond ETF by 508.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 51,308 shares of the company’s stock worth $1,332,000 after acquiring an additional 42,872 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in ALPS Intermediate Municipal Bond ETF in the third quarter worth $1,090,000. Truist Financial Corp bought a new position in shares of ALPS Intermediate Municipal Bond ETF during the second quarter worth $575,000. Jane Street Group LLC bought a new position in shares of ALPS Intermediate Municipal Bond ETF during the second quarter worth $511,000. Finally, Arsenal Capital Advisors LLC acquired a new position in shares of ALPS Intermediate Municipal Bond ETF in 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.