Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Short Interest Down 71.6% in June

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 54,648 shares, a drop of 71.6% from the May 31st total of 192,127 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 163,918 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Dimensional National Municipal Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in DFNM. Royal Bank of Canada increased its position in Dimensional National Municipal Bond ETF by 6.5% during the 1st quarter. Royal Bank of Canada now owns 30,965 shares of the company’s stock valued at $1,473,000 after purchasing an additional 1,889 shares during the period. NewEdge Advisors LLC lifted its position in shares of Dimensional National Municipal Bond ETF by 160.9% in the 1st quarter. NewEdge Advisors LLC now owns 26,937 shares of the company’s stock worth $1,281,000 after purchasing an additional 16,613 shares during the period. Jane Street Group LLC boosted its stake in shares of Dimensional National Municipal Bond ETF by 32.5% during the 1st quarter. Jane Street Group LLC now owns 44,323 shares of the company’s stock valued at $2,108,000 after purchasing an additional 10,866 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Dimensional National Municipal Bond ETF by 292.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock valued at $58,000 after purchasing an additional 911 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of Dimensional National Municipal Bond ETF during the second quarter valued at about $383,000.

Dimensional National Municipal Bond ETF Stock Up 0.1%

NYSEARCA:DFNM traded up $0.03 during mid-day trading on Monday, reaching $48.33. 154,218 shares of the company’s stock traded hands, compared to its average volume of 164,456. The company has a 50 day moving average price of $48.23 and a 200-day moving average price of $48.32. Dimensional National Municipal Bond ETF has a 12-month low of $47.15 and a 12-month high of $48.87.

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.