ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Sees Large Increase in Short Interest

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 32,868 shares, a growth of 156.1% from the January 15th total of 12,832 shares. Based on an average trading volume of 6,310 shares, the short-interest ratio is presently 5.2 days. Currently, 2.0% of the shares of the company are sold short. Currently, 2.0% of the shares of the company are sold short. Based on an average trading volume of 6,310 shares, the short-interest ratio is presently 5.2 days.

Hedge Funds Weigh In On ALPS Intermediate Municipal Bond ETF

Hedge funds have recently made changes to their positions in the business. Strategic Financial Concepts LLC grew its holdings in shares of ALPS Intermediate Municipal Bond ETF by 2.5% during the second quarter. Strategic Financial Concepts LLC now owns 24,937 shares of the company’s stock worth $634,000 after purchasing an additional 612 shares during the last quarter. Tribridge Partners Financial LLC lifted its position in ALPS Intermediate Municipal Bond ETF by 9.8% during the 3rd quarter. Tribridge Partners Financial LLC now owns 8,783 shares of the company’s stock worth $227,000 after buying an additional 787 shares in the last quarter. Truist Financial Corp grew its holdings in ALPS Intermediate Municipal Bond ETF by 4.9% during the 3rd quarter. Truist Financial Corp now owns 23,708 shares of the company’s stock worth $612,000 after acquiring an additional 1,100 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF in the 3rd quarter valued at about $218,000. Finally, Main Street Financial Solutions LLC bought a new position in shares of ALPS Intermediate Municipal Bond ETF in the second quarter worth about $343,000.

ALPS Intermediate Municipal Bond ETF Price Performance

Shares of MNBD stock traded up $0.07 during mid-day trading on Thursday, reaching $26.33. The stock had a trading volume of 10,412 shares, compared to its average volume of 10,011. ALPS Intermediate Municipal Bond ETF has a one year low of $24.55 and a one year high of $26.35. The firm’s 50 day simple moving average is $26.06 and its 200 day simple moving average is $25.89.

ALPS Intermediate Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Shareholders of record on Thursday, January 22nd were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, January 22nd. This represents a c) dividend on an annualized basis and a yield of 3.6%.

About ALPS Intermediate Municipal Bond ETF

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.