Rockefeller Opportunistic Municipal Bond ETF (NYSEARCA:RMOP) Short Interest Up 754.4% in August

Rockefeller Opportunistic Municipal Bond ETF (NYSEARCA:RMOP) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 159,801 shares, a growth of 754.4% from the August 15th total of 18,703 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average trading volume of 147,520 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RMOP. NewEdge Advisors LLC acquired a new position in Rockefeller Opportunistic Municipal Bond ETF during the second quarter valued at approximately $76,000. SouthState Bank Corp increased its position in shares of Rockefeller Opportunistic Municipal Bond ETF by 21.1% in the first quarter. SouthState Bank Corp now owns 1,047,005 shares of the company’s stock worth $26,039,000 after acquiring an additional 182,505 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Rockefeller Opportunistic Municipal Bond ETF in the fourth quarter worth $304,000.

Rockefeller Opportunistic Municipal Bond ETF Stock Performance

Rockefeller Opportunistic Municipal Bond ETF stock opened at $24.21 on Friday. Rockefeller Opportunistic Municipal Bond ETF has a 12 month low of $24.17 and a 12 month high of $25.61. The stock’s 50-day moving average is $25.10 and its 200-day moving average is $25.16.

Rockefeller Opportunistic Municipal Bond ETF Company Profile

The Rockefeller Opportunistic Municipal Bond ETF (RMOP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that broadly invests in US municipal bonds. Municipal bonds could be of any credit quality or maturity that are exempt from federal income taxes. RMOP was launched on Aug 12, 2024 and is issued by Rockefeller Capital Management.