Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sees Large Increase in Short Interest

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 192,127 shares, a growth of 149.8% from the May 14th total of 76,898 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 167,908 shares, the days-to-cover ratio is currently 1.1 days.

Dimensional National Municipal Bond ETF Stock Down 0.0%

Shares of Dimensional National Municipal Bond ETF stock traded down $0.02 during trading on Friday, reaching $48.26. The company’s stock had a trading volume of 144,140 shares, compared to its average volume of 160,887. The company has a 50-day simple moving average of $48.20 and a two-hundred day simple moving average of $48.31. Dimensional National Municipal Bond ETF has a 1-year low of $47.15 and a 1-year high of $48.87.

Institutional Trading of Dimensional National Municipal Bond ETF

A number of institutional investors have recently bought and sold shares of the stock. Focus Partners Wealth boosted its stake in Dimensional National Municipal Bond ETF by 42.5% in the 4th quarter. Focus Partners Wealth now owns 3,662,918 shares of the company’s stock worth $176,443,000 after purchasing an additional 1,093,169 shares in the last quarter. Truepoint Inc. boosted its stake in Dimensional National Municipal Bond ETF by 4.0% in the 4th quarter. Truepoint Inc. now owns 2,974,080 shares of the company’s stock worth $143,261,000 after purchasing an additional 114,271 shares in the last quarter. Symmetry Partners LLC acquired a new stake in Dimensional National Municipal Bond ETF in the 4th quarter worth approximately $63,911,000. Apella Capital LLC boosted its stake in Dimensional National Municipal Bond ETF by 93.6% in the 1st quarter. Apella Capital LLC now owns 1,320,176 shares of the company’s stock worth $63,897,000 after purchasing an additional 638,280 shares in the last quarter. Finally, GeoWealth Management LLC lifted its position in Dimensional National Municipal Bond ETF by 2.1% during the 4th quarter. GeoWealth Management LLC now owns 882,985 shares of the company’s stock worth $42,533,000 after acquiring an additional 18,481 shares during the period.

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.