Short Interest in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Decreases By 54.7%

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 40,727 shares, a decline of 54.7% from the July 30th total of 89,829 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 213,367 shares, the short-interest ratio is presently 0.2 days.

Dimensional National Municipal Bond ETF Stock Performance

Shares of NYSEARCA:DFNM traded down $0.04 on Monday, reaching $47.49. 100,703 shares of the company’s stock were exchanged, compared to its average volume of 173,536. Dimensional National Municipal Bond ETF has a twelve month low of $47.33 and a twelve month high of $48.87. The company has a fifty day moving average of $47.94 and a 200-day moving average of $48.18.

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

Large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its stake 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 stake in shares of Dimensional National Municipal Bond ETF during the 4th quarter valued at $114,000. Advisory Services Network LLC acquired a new stake in shares of Dimensional National Municipal Bond ETF during the 3rd quarter worth $146,000. Operose Advisors LLC acquired a new stake in shares of Dimensional National Municipal Bond ETF during the 4th quarter worth $155,000. Finally, Raymond James Financial Inc. bought a new position in shares of Dimensional National Municipal Bond ETF in the second quarter worth $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.