ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Sees Large Drop in Short Interest

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 3,818 shares, a decrease of 43.2% from the July 15th total of 6,718 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 5,612 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On ALPS Intermediate Municipal Bond ETF

A number of large investors have recently modified their holdings of MNBD. Tenzing Financial LLC lifted its stake in shares of ALPS Intermediate Municipal Bond ETF by 19.1% in the 2nd quarter. Tenzing Financial LLC now owns 146,363 shares of the company’s stock valued at $3,824,000 after purchasing an additional 23,508 shares in the last quarter. Jane Street Group LLC raised its holdings in ALPS Intermediate Municipal Bond ETF by 4.5% in the fourth quarter. Jane Street Group LLC now owns 25,590 shares of the company’s stock valued at $665,000 after buying an additional 1,091 shares during the period. Arsenal Capital Advisors LLC purchased a new position in ALPS Intermediate Municipal Bond ETF in the fourth quarter valued at approximately $378,000. Concurrent Investment Advisors LLC lifted its position in ALPS Intermediate Municipal Bond ETF by 508.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 51,308 shares of the company’s stock valued at $1,332,000 after buying an additional 42,872 shares in the last quarter. Finally, Main Street Financial Solutions LLC acquired a new position in ALPS Intermediate Municipal Bond ETF during the second quarter valued at approximately $343,000.

ALPS Intermediate Municipal Bond ETF Trading Down 0.0%

Shares of MNBD traded down $0.01 during trading hours on Monday, hitting $25.76. The stock had a trading volume of 557 shares, compared to its average volume of 6,990. ALPS Intermediate Municipal Bond ETF has a 12-month low of $24.74 and a 12-month high of $26.46. The company’s fifty day simple moving average is $25.89 and its 200 day simple moving average is $25.99.

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.