Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) Sees Large Decline in Short Interest

Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 70 shares, a drop of 99.8% from the August 31st total of 33,727 shares. Based on an average daily trading volume, of 18,124 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Mairs & Power Minnesota Municipal Bond ETF Stock Performance

Mairs & Power Minnesota Municipal Bond ETF stock traded down $0.15 during trading hours on Thursday, hitting $20.93. 8,909 shares of the stock traded hands, compared to its average volume of 11,121. The firm’s 50-day moving average price is $21.80 and its two-hundred day moving average price is $22.15. Mairs & Power Minnesota Municipal Bond ETF has a one year low of $20.93 and a one year high of $23.14.

Mairs & Power Minnesota Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 24th were paid a $0.0560 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, July 24th. This is a drop from Mairs & Power Minnesota Municipal Bond ETF’s previous monthly dividend of $0.0640.

Institutional Investors Weigh In On Mairs & Power Minnesota Municipal Bond ETF

Several hedge funds have recently made changes to their positions in MINN. Tradition Wealth Management LLC bought a new position in Mairs & Power Minnesota Municipal Bond ETF in the fourth quarter worth $1,051,000. Bayban bought a new stake in shares of Mairs & Power Minnesota Municipal Bond ETF during the 4th quarter valued at $736,000. Trust Point Inc. boosted its holdings in shares of Mairs & Power Minnesota Municipal Bond ETF by 236.6% during the 2nd quarter. Trust Point Inc. now owns 40,395 shares of the company’s stock valued at $905,000 after buying an additional 28,395 shares in the last quarter. OneAscent Financial Services LLC grew its position in shares of Mairs & Power Minnesota Municipal Bond ETF by 10.3% in the 4th quarter. OneAscent Financial Services LLC now owns 53,285 shares of the company’s stock worth $1,202,000 after buying an additional 4,978 shares during the period. Finally, First Heartland Consultants Inc. grew its position in shares of Mairs & Power Minnesota Municipal Bond ETF by 12.4% in the 2nd quarter. First Heartland Consultants Inc. now owns 19,878 shares of the company’s stock worth $445,000 after buying an additional 2,189 shares during the period.

Mairs & Power Minnesota Municipal Bond ETF Company Profile

The Mairs & Power Minnesota Municipal Bond ETF (MINN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to target mainly investment-grade municipal securities of various maturities, with interest income that is exempted from federal and Minnesota state income tax. MINN was launched on Mar 12, 2021 and is managed by Mairs & Power.