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

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 4,381 shares, a decrease of 96.6% from the August 31st total of 127,357 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 292,087 shares, the days-to-cover ratio is presently 0.0 days.

Dimensional National Municipal Bond ETF Stock Performance

Dimensional National Municipal Bond ETF stock traded down $0.16 during mid-day trading on Thursday, reaching $46.18. The company had a trading volume of 615,483 shares, compared to its average volume of 191,144. The business has a fifty day simple moving average of $47.44 and a 200 day simple moving average of $47.94. Dimensional National Municipal Bond ETF has a fifty-two week low of $46.15 and a fifty-two week high of $48.87.

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Blueline Advisors LLC acquired a new position in Dimensional National Municipal Bond ETF in the 4th quarter valued at approximately $114,000. Operose Advisors LLC bought a new stake in Dimensional National Municipal Bond ETF during the fourth quarter valued at $155,000. Navigoe LLC grew its holdings in Dimensional National Municipal Bond ETF by 5.6% during the 1st quarter. Navigoe LLC now owns 4,309 shares of the company’s stock worth $206,000 after acquiring an additional 227 shares during the period. Henrickson Nauta Wealth Advisors Inc. acquired a new stake in Dimensional National Municipal Bond ETF during the 2nd quarter worth about $229,000. Finally, Apollon Financial LLC bought a new position in shares of Dimensional National Municipal Bond ETF in the 1st quarter worth about $246,000.

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.