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

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

Institutional Investors Weigh In On ALPS Intermediate Municipal Bond ETF

Several large investors have recently made changes to their positions in MNBD. Tenzing Financial LLC raised its position in ALPS Intermediate Municipal Bond ETF by 19.1% during the second quarter. Tenzing Financial LLC now owns 146,363 shares of the company’s stock valued at $3,824,000 after acquiring an additional 23,508 shares in the last quarter. Concurrent Investment Advisors LLC grew its position 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 acquiring an additional 42,872 shares in the last quarter. Jane Street Group LLC increased its stake in shares of ALPS Intermediate Municipal Bond ETF by 4.5% during the 4th quarter. Jane Street Group LLC now owns 25,590 shares of the company’s stock worth $665,000 after purchasing an additional 1,091 shares during the last quarter. Arsenal Capital Advisors LLC acquired a new position in shares of ALPS Intermediate Municipal Bond ETF during the 4th quarter worth $378,000. Finally, Main Street Financial Solutions LLC bought a new position in shares of ALPS Intermediate Municipal Bond ETF during the 2nd quarter valued at $343,000.

ALPS Intermediate Municipal Bond ETF Stock Performance

ALPS Intermediate Municipal Bond ETF stock opened at $25.64 on Tuesday. The company’s fifty day simple moving average is $25.93 and its 200-day simple moving average is $26.03. ALPS Intermediate Municipal Bond ETF has a 12 month low of $24.74 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.