Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sees Large Growth in Short Interest

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 192,127 shares, an increase of 149.8% from the May 14th total of 76,898 shares. Based on an average daily volume of 167,908 shares, the short-interest ratio is currently 1.1 days. Currently, 0.4% of the shares of the company are short sold.

Dimensional National Municipal Bond ETF Price Performance

Shares of NYSEARCA:DFNM traded down $0.02 on Friday, hitting $48.26. The company had a trading volume of 144,140 shares, compared to its average volume of 160,887. Dimensional National Municipal Bond ETF has a 1-year low of $47.15 and a 1-year high of $48.87. The stock has a 50 day moving average price of $48.20 and a 200 day moving average price of $48.31.

Hedge Funds Weigh In On Dimensional National Municipal Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Focus Partners Wealth increased its holdings in shares of Dimensional National Municipal Bond ETF by 42.5% in the fourth quarter. Focus Partners Wealth now owns 3,662,918 shares of the company’s stock valued at $176,443,000 after purchasing an additional 1,093,169 shares during the last quarter. Truepoint Inc. increased its holdings in shares of Dimensional National Municipal Bond ETF by 4.0% in the fourth quarter. Truepoint Inc. now owns 2,974,080 shares of the company’s stock valued at $143,261,000 after purchasing an additional 114,271 shares during the last quarter. Symmetry Partners LLC acquired a new position in shares of Dimensional National Municipal Bond ETF in the fourth quarter valued at $63,911,000. Apella Capital LLC increased its holdings in shares of Dimensional National Municipal Bond ETF by 93.6% in the first quarter. Apella Capital LLC now owns 1,320,176 shares of the company’s stock valued at $63,897,000 after purchasing an additional 638,280 shares during the last quarter. Finally, GeoWealth Management LLC grew its stake in shares of Dimensional National Municipal Bond ETF by 2.1% in the fourth quarter. GeoWealth Management LLC now owns 882,985 shares of the company’s stock valued at $42,533,000 after acquiring an additional 18,481 shares in the last quarter.

About Dimensional National Municipal Bond ETF

The Dimensional National Municipal Bond ETF (DFNM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides exposure to intermediate-term, investment-grade municipal bonds that are exempt from federal income tax. DFNM was launched on Dec 15, 2021 and is managed by Dimensional.