Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) Sees Large Increase in Short Interest

Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 44,333 shares, an increase of 118.7% from the July 30th total of 20,267 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average trading volume of 14,970 shares, the short-interest ratio is currently 3.0 days.

Mairs & Power Minnesota Municipal Bond ETF Price Performance

Shares of BATS:MINN opened at $21.88 on Friday. Mairs & Power Minnesota Municipal Bond ETF has a twelve month low of $21.64 and a twelve month high of $23.14. The stock’s 50 day moving average is $22.16 and its 200-day moving average is $22.32.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MINN. Ballast Advisors LLC bought a new position in Mairs & Power Minnesota Municipal Bond ETF in the 1st quarter valued at about $34,000. Commonwealth Equity Services LLC boosted its position in shares of Mairs & Power Minnesota Municipal Bond ETF by 12.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 14,722 shares of the company’s stock valued at $332,000 after buying an additional 1,656 shares during the last quarter. First Heartland Consultants Inc. grew its holdings in Mairs & Power Minnesota Municipal Bond ETF by 12.4% during the second quarter. First Heartland Consultants Inc. now owns 19,878 shares of the company’s stock worth $445,000 after buying an additional 2,189 shares in the last quarter. Bayban raised its position in Mairs & Power Minnesota Municipal Bond ETF by 8.1% in the 1st quarter. Bayban now owns 35,298 shares of the company’s stock valued at $781,000 after buying an additional 2,644 shares during the last quarter. Finally, OneAscent Financial Services LLC lifted its stake in Mairs & Power Minnesota Municipal Bond ETF by 10.3% during the 4th quarter. OneAscent Financial Services LLC now owns 53,285 shares of the company’s stock valued at $1,202,000 after acquiring an additional 4,978 shares in the last quarter.

About Mairs & Power Minnesota Municipal Bond ETF

The Mairs & Power Minnesota Municipal Bond ETF (MINN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to target mainly investment-grade municipal securities of various maturities, with interest income that is exempted from federal and Minnesota state income tax. MINN was launched on Mar 12, 2021 and is managed by Mairs & Power.