ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Short Interest Update

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 3,190 shares, a decrease of 60.5% from the May 31st total of 8,077 shares. Based on an average daily trading volume, of 7,253 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On ALPS Intermediate Municipal Bond ETF

Several large investors have recently modified their holdings of the business. Main Street Financial Solutions LLC acquired a new position in shares of ALPS Intermediate Municipal Bond ETF during the second quarter worth $343,000. Arsenal Capital Advisors LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF in the fourth quarter valued at $378,000. Jane Street Group LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF in the second quarter valued at $511,000. Concurrent Investment Advisors LLC raised its position in ALPS Intermediate Municipal Bond ETF by 508.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 51,308 shares of the company’s stock worth $1,332,000 after purchasing an additional 42,872 shares during the last quarter. Finally, Tenzing Financial LLC bought a new position in ALPS Intermediate Municipal Bond ETF during the 4th quarter worth $1,811,000.

ALPS Intermediate Municipal Bond ETF Stock Up 0.1%

NYSEARCA MNBD traded up $0.02 during trading hours on Monday, reaching $26.08. The company’s stock had a trading volume of 797 shares, compared to its average volume of 7,875. The firm has a fifty day simple moving average of $25.95 and a 200-day simple moving average of $26.03. ALPS Intermediate Municipal Bond ETF has a 52 week low of $25.30 and a 52 week 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.