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

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 6,632 shares, a decline of 88.0% from the February 26th total of 55,099 shares. Based on an average trading volume of 9,680 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 9,680 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of ALPS Intermediate Municipal Bond ETF

A number of institutional investors have recently modified their holdings of the business. Tenzing Financial LLC purchased a new stake in ALPS Intermediate Municipal Bond ETF during the fourth quarter worth about $1,811,000. Concurrent Investment Advisors LLC lifted its position in shares of ALPS Intermediate Municipal Bond ETF by 508.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 51,308 shares of the company’s stock valued at $1,332,000 after acquiring an additional 42,872 shares during the period. Redhawk Wealth Advisors Inc. acquired a new stake in shares of ALPS Intermediate Municipal Bond ETF during the 3rd quarter valued at approximately $1,090,000. Jane Street Group LLC boosted its stake in shares of ALPS Intermediate Municipal Bond ETF by 4.5% during the 4th quarter. Jane Street Group LLC now owns 25,590 shares of the company’s stock worth $665,000 after acquiring an additional 1,091 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in shares of 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 in the last quarter.

ALPS Intermediate Municipal Bond ETF Price Performance

NYSEARCA:MNBD remained flat at $25.72 during mid-day trading on Wednesday. 2,785 shares of the company were exchanged, compared to its average volume of 10,425. ALPS Intermediate Municipal Bond ETF has a 1 year low of $24.55 and a 1 year high of $26.46. The firm’s fifty day moving average price is $26.18 and its 200 day moving average price is $26.04.

ALPS Intermediate Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 24th. Stockholders of record on Thursday, February 19th were paid a dividend of $0.0612 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, February 19th.

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.