ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Short Interest Down 73.5% in July

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 6,718 shares, a decline of 73.5% from the June 30th total of 25,348 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 3,717 shares, the days-to-cover ratio is currently 1.8 days.

Hedge Funds Weigh In On ALPS Intermediate Municipal Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in MNBD. Main Street Financial Solutions LLC purchased a new stake in shares of ALPS Intermediate Municipal Bond ETF in the 2nd quarter worth about $343,000. Arsenal Capital Advisors LLC purchased a new position in ALPS Intermediate Municipal Bond ETF during the 4th quarter valued at about $378,000. Jane Street Group LLC bought a new stake in ALPS Intermediate Municipal Bond ETF during the second quarter worth about $511,000. Concurrent Investment Advisors LLC grew its holdings 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 worth $1,332,000 after purchasing an additional 42,872 shares during the period. Finally, Tenzing Financial LLC purchased a new stake in ALPS Intermediate Municipal Bond ETF in the fourth quarter worth about $1,811,000.

ALPS Intermediate Municipal Bond ETF Stock Up 0.2%

Shares of NYSEARCA:MNBD traded up $0.05 during trading on Friday, hitting $25.65. The stock had a trading volume of 3,583 shares, compared to its average volume of 7,268. The firm’s fifty day moving average is $25.94 and its 200 day moving average is $26.03. ALPS Intermediate Municipal Bond ETF has a 12 month low of $25.30 and a 12 month high of $26.46.

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.