Short Interest in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Declines By 54.7%

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 40,727 shares, a decline of 54.7% from the July 30th total of 89,829 shares. Based on an average daily trading volume, of 213,367 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Dimensional National Municipal Bond ETF Trading Down 0.1%

Shares of NYSEARCA:DFNM traded down $0.04 during trading on Friday, reaching $47.53. The company had a trading volume of 248,463 shares, compared to its average volume of 174,051. The firm’s fifty day moving average is $47.94 and its 200 day moving average is $48.18. Dimensional National Municipal Bond ETF has a twelve month low of $47.33 and a twelve month high of $48.87.

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its position in Dimensional National Municipal Bond ETF by 292.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,223 shares of the company’s stock worth $58,000 after purchasing an additional 911 shares during the period. Blueline Advisors LLC acquired a new position in shares of Dimensional National Municipal Bond ETF during the 4th quarter valued at $114,000. Advisory Services Network LLC acquired a new position in shares of Dimensional National Municipal Bond ETF during the 3rd quarter valued at $146,000. Operose Advisors LLC bought a new stake in shares of Dimensional National Municipal Bond ETF in the 4th quarter worth $155,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Dimensional National Municipal Bond ETF in the 2nd quarter worth $202,000.

About Dimensional National Municipal Bond ETF

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.