ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Stock Short Interest Report for October

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,350 shares, a decline of 77.5% from the September 30th total of 5,997 shares. Based on an average trading volume of 7,928 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On ALPS Intermediate Municipal Bond ETF

A hedge fund recently bought a new stake in ALPS Intermediate Municipal Bond ETF stock. Envestnet Asset Management Inc. acquired a new stake in ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,729 shares of the company’s stock, valued at approximately $201,000. Envestnet Asset Management Inc. owned about 0.35% of ALPS Intermediate Municipal Bond ETF at the end of the most recent reporting period.

ALPS Intermediate Municipal Bond ETF Stock Performance

Shares of NYSEARCA MNBD traded down $0.01 during midday trading on Wednesday, hitting $25.26. 5,950 shares of the company’s stock were exchanged, compared to its average volume of 6,747. ALPS Intermediate Municipal Bond ETF has a 12 month low of $24.43 and a 12 month high of $26.46. The company’s 50 day moving average price is $25.14 and its 200 day moving average price is $25.78.

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.