Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sees Large Increase in Short Interest

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 127,357 shares, an increase of 212.7% from the August 15th total of 40,727 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 220,361 shares, the short-interest ratio is currently 0.6 days.

Dimensional National Municipal Bond ETF Stock Performance

Shares of NYSEARCA:DFNM traded up $0.06 during midday trading on Friday, reaching $46.93. The company’s stock had a trading volume of 399,830 shares, compared to its average volume of 179,679. Dimensional National Municipal Bond ETF has a fifty-two week low of $46.83 and a fifty-two week high of $48.87. The business’s fifty day simple moving average is $47.72 and its 200-day simple moving average is $48.07.

Institutional Trading of Dimensional National Municipal Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DFNM. Geneos Wealth Management Inc. grew its holdings in 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 worth $58,000 after acquiring an additional 911 shares during the period. Blueline Advisors LLC bought a new position in shares of Dimensional National Municipal Bond ETF during the 4th quarter valued at about $114,000. Advisory Services Network LLC acquired a new position in shares of Dimensional National Municipal Bond ETF in the third quarter valued at approximately $146,000. Operose Advisors LLC bought a new position in Dimensional National Municipal Bond ETF during the 4th quarter worth about $155,000. Finally, Raymond James Financial Inc. bought a new position in shares of Dimensional National Municipal Bond ETF during the second quarter worth about $202,000.

Dimensional National Municipal Bond ETF Company Profile

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.