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

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 192,127 shares, a growth of 149.8% from the May 14th total of 76,898 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 167,908 shares, the days-to-cover ratio is currently 1.1 days.

Dimensional National Municipal Bond ETF Price Performance

Shares of DFNM stock traded down $0.02 on Friday, reaching $48.26. 144,140 shares of the company’s stock were exchanged, compared to its average volume of 160,887. Dimensional National Municipal Bond ETF has a 52 week low of $47.15 and a 52 week high of $48.87. The company’s fifty day simple moving average is $48.20 and its 200 day simple moving average is $48.31.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Symmetry Partners LLC bought a new stake in shares of Dimensional National Municipal Bond ETF in the 4th quarter valued at about $63,911,000. Focus Partners Wealth boosted its position in shares of Dimensional National Municipal Bond ETF by 42.5% in the 4th quarter. Focus Partners Wealth now owns 3,662,918 shares of the company’s stock worth $176,443,000 after purchasing an additional 1,093,169 shares in the last quarter. Apella Capital LLC boosted its position in shares of Dimensional National Municipal Bond ETF by 93.6% in the 1st quarter. Apella Capital LLC now owns 1,320,176 shares of the company’s stock worth $63,897,000 after purchasing an additional 638,280 shares in the last quarter. Waterford Advisors LLC acquired a new stake in shares of Dimensional National Municipal Bond ETF in the 4th quarter worth $23,838,000. Finally, Savant Capital LLC boosted its position in shares of Dimensional National Municipal Bond ETF by 357.0% in the 4th quarter. Savant Capital LLC now owns 523,582 shares of the company’s stock worth $25,221,000 after purchasing an additional 409,014 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.