Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) Stock Short Interest Report for October

Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 5,132 shares, an increase of 1,063.7% from the September 30th total of 441 shares. Based on an average daily trading volume, of 15,534 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are sold short.

Mairs & Power Minnesota Municipal Bond ETF Price Performance

Mairs & Power Minnesota Municipal Bond ETF stock opened at $21.49 on Wednesday. Mairs & Power Minnesota Municipal Bond ETF has a 12-month low of $20.50 and a 12-month high of $23.14. The firm’s fifty day moving average price is $21.28 and its 200 day moving average price is $22.10.

Mairs & Power Minnesota Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be paid a dividend of $0.0569 per share. This is a drop from Mairs & Power Minnesota Municipal Bond ETF’s previous monthly dividend of $0.0584. This represents a $0.68 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, October 23rd.

Institutional Trading of Mairs & Power Minnesota Municipal Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Focus Financial Network Inc. acquired a new position in shares of Mairs & Power Minnesota Municipal Bond ETF in the third quarter worth about $206,000. Farther Finance Advisors LLC grew its stake in Mairs & Power Minnesota Municipal Bond ETF by 62.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,800 shares of the company’s stock valued at $120,000 after purchasing an additional 2,224 shares in the last quarter. Trust Point Inc. grew its stake in 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 purchasing an additional 28,395 shares in the last quarter. First Heartland Consultants Inc. increased its holdings in Mairs & Power Minnesota Municipal Bond ETF by 12.4% during the 2nd quarter. First Heartland Consultants Inc. now owns 19,878 shares of the company’s stock worth $445,000 after purchasing an additional 2,189 shares during the last quarter. Finally, Ballast Advisors LLC purchased a new stake in Mairs & Power Minnesota Municipal Bond ETF during the 1st quarter worth approximately $34,000.

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.