ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Short Interest Update

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 25,348 shares, an increase of 694.6% from the June 15th total of 3,190 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average trading volume of 7,381 shares, the days-to-cover ratio is currently 3.4 days.

Hedge Funds Weigh In On ALPS Intermediate Municipal Bond ETF

A number of hedge funds have recently modified their holdings of the business. Tenzing Financial LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF in the fourth quarter valued at $1,811,000. Concurrent Investment Advisors LLC lifted its holdings in ALPS Intermediate Municipal Bond ETF by 508.2% during the 4th 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 acquired a new position in ALPS Intermediate Municipal Bond ETF during the 2nd quarter worth about $511,000. Arsenal Capital Advisors LLC bought a new stake in shares of ALPS Intermediate Municipal Bond ETF in the 4th quarter valued at about $378,000. Finally, Main Street Financial Solutions LLC bought a new stake in shares of ALPS Intermediate Municipal Bond ETF in the 2nd quarter valued at about $343,000.

ALPS Intermediate Municipal Bond ETF Price Performance

Shares of NYSEARCA:MNBD opened at $26.01 on Monday. ALPS Intermediate Municipal Bond ETF has a one year low of $25.30 and a one year high of $26.46. The firm has a 50 day simple moving average of $25.96 and a 200 day simple moving average of $26.04.

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.