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

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 11,035 shares, an increase of 151.9% from the September 15th total of 4,381 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 749,553 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DFNM. Navigoe LLC increased its stake in Dimensional National Municipal Bond ETF by 5.6% during the first quarter. Navigoe LLC now owns 4,309 shares of the company’s stock valued at $206,000 after purchasing an additional 227 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. bought a new position in Dimensional National Municipal Bond ETF in the 2nd quarter valued at about $229,000. Apollon Financial LLC acquired a new position in shares of Dimensional National Municipal Bond ETF during the first quarter valued at approximately $246,000. Quantinno Capital Management LP bought a new stake in shares of Dimensional National Municipal Bond ETF in the 1st quarter worth $246,000. Finally, Arkadios Wealth Advisors bought a new stake in Dimensional National Municipal Bond ETF in the first quarter worth about $250,000.

Dimensional National Municipal Bond ETF Stock Performance

Shares of NYSEARCA:DFNM traded up $0.04 during trading on Wednesday, reaching $46.45. 516,507 shares of the company were exchanged, compared to its average volume of 253,773. The business’s fifty day simple moving average is $47.01 and its 200-day simple moving average is $47.74. Dimensional National Municipal Bond ETF has a 12-month low of $45.70 and a 12-month high of $48.87.

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.