Short Interest in ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Expands By 29.8%

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 12,832 shares, an increase of 29.8% from the December 31st total of 9,883 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,413 shares, the short-interest ratio is presently 1.7 days. Based on an average daily trading volume, of 7,413 shares, the short-interest ratio is presently 1.7 days. Currently, 0.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On ALPS Intermediate Municipal Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Concurrent Investment Advisors LLC lifted its position in shares of ALPS Intermediate Municipal Bond ETF by 508.2% in the 4th quarter. Concurrent Investment Advisors LLC now owns 51,308 shares of the company’s stock worth $1,332,000 after purchasing an additional 42,872 shares during the period. Redhawk Wealth Advisors Inc. acquired a new position in shares of ALPS Intermediate Municipal Bond ETF in the 3rd quarter valued at $1,090,000. Truist Financial Corp purchased a new position in shares of ALPS Intermediate Municipal Bond ETF in the second quarter worth about $575,000. Jane Street Group LLC purchased a new stake in ALPS Intermediate Municipal Bond ETF in the second quarter valued at approximately $511,000. Finally, Main Street Financial Solutions LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF during the 2nd quarter worth about $343,000.

ALPS Intermediate Municipal Bond ETF Price Performance

Shares of ALPS Intermediate Municipal Bond ETF stock remained flat at $26.15 during trading hours on Monday. 9,940 shares of the stock were exchanged, compared to its average volume of 6,964. The business’s 50 day simple moving average is $26.02 and its 200 day simple moving average is $25.85. ALPS Intermediate Municipal Bond ETF has a 12-month low of $24.55 and a 12-month high of $26.29.

ALPS Intermediate Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Investors of record on Thursday, January 22nd were paid a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Thursday, January 22nd.

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.