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

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 6,632 shares, a decline of 88.0% from the February 26th total of 55,099 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 9,680 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Tenzing Financial LLC purchased a new stake in ALPS Intermediate Municipal Bond ETF in the 4th quarter valued at $1,811,000. Jane Street Group LLC boosted its holdings in ALPS Intermediate Municipal Bond ETF by 4.5% during the 4th quarter. Jane Street Group LLC now owns 25,590 shares of the company’s stock worth $665,000 after acquiring an additional 1,091 shares during the last quarter. Arsenal Capital Advisors LLC bought a new stake in shares of ALPS Intermediate Municipal Bond ETF in the 4th quarter worth $378,000. Concurrent Investment Advisors LLC grew its stake in shares of ALPS Intermediate Municipal Bond ETF by 508.2% in 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 in the last quarter. Finally, Truist Financial Corp raised its holdings in shares of ALPS Intermediate Municipal Bond ETF by 4.9% in the third quarter. Truist Financial Corp now owns 23,708 shares of the company’s stock valued at $612,000 after purchasing an additional 1,100 shares during the last quarter.

ALPS Intermediate Municipal Bond ETF Stock Down 0.1%

Shares of NYSEARCA MNBD traded down $0.03 during mid-day trading on Thursday, reaching $25.72. 25,428 shares of the company’s stock traded hands, compared to its average volume of 10,504. The business has a 50-day simple moving average of $26.16 and a 200 day simple moving average of $26.03. ALPS Intermediate Municipal Bond ETF has a 1-year low of $24.55 and a 1-year 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. Shareholders of record on Thursday, February 19th were issued a dividend of $0.0612 per share. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, February 19th.

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.