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

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 127,357 shares, an increase of 212.7% from the August 15th total of 40,727 shares. Based on an average daily trading volume, of 220,361 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Dimensional National Municipal Bond ETF

A number of large investors have recently added to or reduced their stakes in DFNM. Focus Partners Wealth grew its holdings in Dimensional National Municipal Bond ETF by 42.5% during the fourth quarter. Focus Partners Wealth now owns 3,662,918 shares of the company’s stock valued at $176,443,000 after purchasing an additional 1,093,169 shares during the last quarter. Apella Capital LLC lifted its stake in shares of Dimensional National Municipal Bond ETF by 93.6% in the first quarter. Apella Capital LLC now owns 1,320,176 shares of the company’s stock worth $63,897,000 after buying an additional 638,280 shares during the last quarter. Waterford Advisors LLC bought a new stake in shares of Dimensional National Municipal Bond ETF during the 4th quarter worth $23,838,000. Savant Capital LLC boosted its holdings in shares of Dimensional National Municipal Bond ETF by 357.0% during the 4th quarter. Savant Capital LLC now owns 523,582 shares of the company’s stock worth $25,221,000 after buying an additional 409,014 shares during the period. Finally, Truepoint Inc. grew 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 valued at $143,261,000 after buying an additional 114,271 shares during the last quarter.

Dimensional National Municipal Bond ETF Price Performance

Shares of NYSEARCA:DFNM traded down $0.04 on Monday, reaching $46.89. The company had a trading volume of 264,920 shares, compared to its average volume of 179,934. The stock has a 50-day moving average price of $47.72 and a 200 day moving average price of $48.07. Dimensional National Municipal Bond ETF has a twelve month low of $46.83 and a twelve month high of $48.87.

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.