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 June. As of June 15th, there was short interest totaling 3,190 shares, a decrease of 60.5% from the May 31st total of 8,077 shares. Based on an average trading volume of 7,253 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

ALPS Intermediate Municipal Bond ETF Price Performance

MNBD stock traded down $0.04 during trading on Tuesday, hitting $26.04. 6,158 shares of the company’s stock were exchanged, compared to its average volume of 7,860. The business has a 50-day moving average price of $25.95 and a two-hundred day moving average price of $26.04. ALPS Intermediate Municipal Bond ETF has a 52-week low of $25.30 and a 52-week high of $26.46.

Institutional Trading of ALPS Intermediate Municipal Bond ETF

Institutional investors have recently modified their holdings of the stock. Main Street Financial Solutions LLC purchased a new position in shares of ALPS Intermediate Municipal Bond ETF in the 2nd quarter valued at $343,000. Arsenal Capital Advisors LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF during the 4th quarter worth $378,000. Jane Street Group LLC purchased a new stake in ALPS Intermediate Municipal Bond ETF in the second quarter valued at $511,000. Concurrent Investment Advisors LLC lifted its position in ALPS Intermediate Municipal Bond ETF by 508.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 51,308 shares of the company’s stock valued at $1,332,000 after acquiring an additional 42,872 shares during the last quarter. Finally, Tenzing Financial LLC acquired a new position in ALPS Intermediate Municipal Bond ETF in the fourth quarter valued at $1,811,000.

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.