ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) Short Interest Update

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 3,818 shares, a drop of 43.2% from the July 15th total of 6,718 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 5,612 shares, the short-interest ratio is presently 0.7 days.

ALPS Intermediate Municipal Bond ETF Stock Performance

ALPS Intermediate Municipal Bond ETF stock traded down $0.01 during midday trading on Tuesday, reaching $25.67. The stock had a trading volume of 2,454 shares, compared to its average volume of 6,974. The company has a fifty day moving average price of $25.88 and a two-hundred day moving average price of $25.99. ALPS Intermediate Municipal Bond ETF has a 12 month low of $24.74 and a 12 month high of $26.46.

Institutional Investors Weigh In On ALPS Intermediate Municipal Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Main Street Financial Solutions LLC bought a new stake in shares of ALPS Intermediate Municipal Bond ETF in the 2nd quarter worth approximately $343,000. Arsenal Capital Advisors LLC bought a new position in shares of ALPS Intermediate Municipal Bond ETF in the fourth quarter worth $378,000. Jane Street Group LLC purchased a new position in shares of ALPS Intermediate Municipal Bond ETF in the second quarter valued at $511,000. Concurrent Investment Advisors LLC grew its position in shares of ALPS Intermediate Municipal Bond ETF by 508.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 51,308 shares of the company’s stock valued at $1,332,000 after purchasing an additional 42,872 shares in the last quarter. Finally, Tenzing Financial LLC bought a new stake in shares of ALPS Intermediate Municipal Bond ETF during the 4th quarter valued at $1,811,000.

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.