Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) Stock Short Interest Report for October

Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 5,132 shares, an increase of 1,063.7% from the September 30th total of 441 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 15,534 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Trust Point Inc. grew its holdings in 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 worth $905,000 after acquiring an additional 28,395 shares during the period. First Heartland Consultants Inc. boosted its position in shares of Mairs & Power Minnesota Municipal Bond ETF by 12.4% during the 2nd quarter. First Heartland Consultants Inc. now owns 19,878 shares of the company’s stock valued at $445,000 after purchasing an additional 2,189 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Mairs & Power Minnesota Municipal Bond ETF by 62.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,800 shares of the company’s stock valued at $120,000 after purchasing an additional 2,224 shares in the last quarter. Focus Financial Network Inc. bought a new position in shares of Mairs & Power Minnesota Municipal Bond ETF during the 3rd quarter valued at about $206,000. Finally, Ballast Advisors LLC acquired a new position in shares of Mairs & Power Minnesota Municipal Bond ETF in the 1st quarter worth approximately $34,000.

Mairs & Power Minnesota Municipal Bond ETF Stock Up 0.5%

Shares of BATS MINN opened at $21.49 on Tuesday. Mairs & Power Minnesota Municipal Bond ETF has a 1 year low of $20.50 and a 1 year high of $23.14. The stock has a fifty day moving average price of $21.29 and a two-hundred day moving average price of $22.11.

Mairs & Power Minnesota Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be issued a $0.0569 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.2%. This is a negative change from Mairs & Power Minnesota Municipal Bond ETF’s previous monthly dividend of $0.0584. The ex-dividend date is Friday, October 23rd.

Mairs & Power Minnesota Municipal Bond ETF Company Profile

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.