Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) Short Interest Update

Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 44,333 shares, a growth of 118.7% from the July 30th total of 20,267 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average trading volume of 14,970 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MINN. Ballast Advisors LLC acquired a new position in shares of Mairs & Power Minnesota Municipal Bond ETF in the 1st quarter valued at $34,000. Kestra Advisory Services LLC acquired a new stake in shares of Mairs & Power Minnesota Municipal Bond ETF during the 4th quarter worth $226,000. Commonwealth Equity Services LLC increased its holdings in shares of Mairs & Power Minnesota Municipal Bond ETF by 12.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 14,722 shares of the company’s stock worth $332,000 after buying an additional 1,656 shares during the last quarter. Winter & Associates Inc. purchased a new position in shares of Mairs & Power Minnesota Municipal Bond ETF in the 4th quarter worth $391,000. Finally, First Heartland Consultants Inc. raised its position in shares of Mairs & Power Minnesota Municipal Bond ETF by 12.4% in the 2nd quarter. First Heartland Consultants Inc. now owns 19,878 shares of the company’s stock worth $445,000 after buying an additional 2,189 shares during the period.

Mairs & Power Minnesota Municipal Bond ETF Price Performance

Shares of BATS MINN opened at $21.88 on Monday. Mairs & Power Minnesota Municipal Bond ETF has a 52 week low of $21.64 and a 52 week high of $23.14. The company’s 50-day moving average price is $22.16 and its 200 day moving average price is $22.32.

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.