Short Interest in ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Increases By 694.6%

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 25,348 shares, a growth of 694.6% from the June 15th total of 3,190 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 7,381 shares, the short-interest ratio is presently 3.4 days.

ALPS Intermediate Municipal Bond ETF Price Performance

NYSEARCA:MNBD remained flat at $26.01 during trading hours on Friday. The company’s stock had a trading volume of 358 shares, compared to its average volume of 7,688. ALPS Intermediate Municipal Bond ETF has a 12 month low of $25.30 and a 12 month high of $26.46. The business’s 50-day moving average price is $25.96 and its 200-day moving average price is $26.04.

Institutional Investors Weigh In On ALPS Intermediate Municipal Bond ETF

A number of hedge funds have recently modified their holdings of MNBD. Tenzing Financial LLC increased its holdings in ALPS Intermediate Municipal Bond ETF by 19.1% in the 2nd quarter. Tenzing Financial LLC now owns 146,363 shares of the company’s stock valued at $3,824,000 after purchasing an additional 23,508 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of ALPS Intermediate Municipal Bond ETF by 508.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 51,308 shares of the company’s stock worth $1,332,000 after buying an additional 42,872 shares during the period. Jane Street Group LLC boosted its position in shares of ALPS Intermediate Municipal Bond ETF by 4.5% during the fourth quarter. Jane Street Group LLC now owns 25,590 shares of the company’s stock worth $665,000 after buying an additional 1,091 shares during the period. Arsenal Capital Advisors LLC acquired a new stake in shares of ALPS Intermediate Municipal Bond ETF in the fourth quarter valued at $378,000. Finally, Main Street Financial Solutions LLC acquired a new stake in shares of ALPS Intermediate Municipal Bond ETF in the second quarter valued at $343,000.

ALPS Intermediate Municipal Bond ETF Company Profile

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.