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

Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 70 shares, a decrease of 99.8% from the August 31st total of 33,727 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 18,124 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MINN. Tradition Wealth Management LLC bought a new stake in Mairs & Power Minnesota Municipal Bond ETF in the fourth quarter worth $1,051,000. Trust Point Inc. increased its holdings in shares of Mairs & Power Minnesota Municipal Bond ETF by 236.6% during the second quarter. Trust Point Inc. now owns 40,395 shares of the company’s stock valued at $905,000 after acquiring an additional 28,395 shares in the last quarter. Bayban purchased a new position in shares of Mairs & Power Minnesota Municipal Bond ETF in the 4th quarter worth about $736,000. 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 purchasing an additional 2,189 shares during the last quarter. Finally, Ballast Advisors LLC bought a new position in Mairs & Power Minnesota Municipal Bond ETF in the 1st quarter worth about $34,000.

Mairs & Power Minnesota Municipal Bond ETF Price Performance

Shares of BATS MINN traded down $0.15 on Thursday, reaching $20.93. 8,909 shares of the company’s stock traded hands, compared to its average volume of 11,121. Mairs & Power Minnesota Municipal Bond ETF has a 12 month low of $20.93 and a 12 month high of $23.14. The business’s 50 day simple moving average is $21.80 and its two-hundred day simple moving average is $22.15.

Mairs & Power Minnesota Municipal Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 24th were paid a $0.0560 dividend. This represents a $0.67 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, July 24th. This is a decrease from Mairs & Power Minnesota Municipal Bond ETF’s previous monthly dividend of $0.0640.

About Mairs & Power Minnesota Municipal Bond ETF

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.