Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Stock Short Interest Drops 96.6%

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 4,381 shares, a decrease of 96.6% from the August 31st total of 127,357 shares. Based on an average daily volume of 292,087 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Dimensional National Municipal Bond ETF Stock Performance

NYSEARCA DFNM traded down $0.16 during mid-day trading on Thursday, hitting $46.18. The company’s stock had a trading volume of 615,483 shares, compared to its average volume of 191,144. The company’s 50 day simple moving average is $47.44 and its 200 day simple moving average is $47.94. Dimensional National Municipal Bond ETF has a twelve month low of $46.15 and a twelve month high of $48.87.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DFNM. Envestnet Asset Management Inc. boosted its stake in Dimensional National Municipal Bond ETF by 46.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 203,458 shares of the company’s stock valued at $9,834,000 after purchasing an additional 64,856 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Dimensional National Municipal Bond ETF by 1.8% in the second quarter. Sequoia Financial Advisors LLC now owns 896,162 shares of the company’s stock worth $43,316,000 after purchasing an additional 16,137 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Dimensional National Municipal Bond ETF by 1.0% in the second quarter. Integrated Wealth Concepts LLC now owns 206,692 shares of the company’s stock worth $9,990,000 after purchasing an additional 1,992 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Dimensional National Municipal Bond ETF by 42.4% in the second quarter. IFP Advisors Inc now owns 33,152 shares of the company’s stock worth $1,602,000 after purchasing an additional 9,871 shares during the last quarter. Finally, XY Planning Network Inc. lifted its holdings in shares of Dimensional National Municipal Bond ETF by 31.7% in the second quarter. XY Planning Network Inc. now owns 43,086 shares of the company’s stock valued at $2,083,000 after purchasing an additional 10,380 shares in the last quarter.

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.