Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) Sees Large Decline in Short Interest

Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 13,107 shares, a decline of 37.3% from the April 15th total of 20,906 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 6,804 shares, the short-interest ratio is currently 1.9 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MINN. Kestra Advisory Services LLC bought a new position in Mairs & Power Minnesota Municipal Bond ETF in the 4th quarter worth approximately $226,000. Fisher Asset Management LLC bought a new position in Mairs & Power Minnesota Municipal Bond ETF in the 3rd quarter worth approximately $231,000. Trust Point Inc. bought a new position in Mairs & Power Minnesota Municipal Bond ETF in the 4th quarter worth approximately $271,000. CPA Asset Management Group LLC increased its position in Mairs & Power Minnesota Municipal Bond ETF by 5.3% in the 4th quarter. CPA Asset Management Group LLC now owns 13,112 shares of the company’s stock worth $296,000 after buying an additional 663 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in shares of Mairs & Power Minnesota Municipal Bond ETF by 12.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 14,722 shares of the company’s stock valued at $332,000 after purchasing an additional 1,656 shares during the period.

Mairs & Power Minnesota Municipal Bond ETF Price Performance

Shares of BATS MINN opened at $22.18 on Monday. The business’s 50 day moving average is $22.35 and its two-hundred day moving average is $22.49. Mairs & Power Minnesota Municipal Bond ETF has a 12 month low of $21.39 and a 12 month high of $23.14.

Mairs & Power Minnesota Municipal Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were given a $0.0489 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a yield of 2.6%. This is an increase from Mairs & Power Minnesota Municipal Bond ETF’s previous monthly dividend of $0.04.

About Mairs & Power Minnesota Municipal Bond ETF

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.