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

ALPS Intermediate Municipal Bond ETF (NYSEARCA:MNBD) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 3,190 shares, a decrease of 60.5% from the May 31st total of 8,077 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 7,253 shares, the days-to-cover ratio is currently 0.4 days.

ALPS Intermediate Municipal Bond ETF Stock Down 0.2%

Shares of MNBD stock opened at $26.04 on Wednesday. ALPS Intermediate Municipal Bond ETF has a one year low of $25.30 and a one year high of $26.46. The stock has a fifty day moving average price of $25.96 and a 200 day moving average price of $26.04.

Hedge Funds Weigh In On ALPS Intermediate Municipal Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MNBD. Main Street Financial Solutions LLC acquired a new position in ALPS Intermediate Municipal Bond ETF in the second quarter worth about $343,000. Arsenal Capital Advisors LLC acquired a new stake in ALPS Intermediate Municipal Bond ETF during the fourth quarter valued at approximately $378,000. Jane Street Group LLC bought a new stake in shares of ALPS Intermediate Municipal Bond ETF in the 2nd quarter valued at approximately $511,000. Concurrent Investment Advisors LLC grew its stake in shares of ALPS Intermediate Municipal Bond ETF by 508.2% in the 4th 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 during the period. Finally, Tenzing Financial LLC bought a new stake in shares of ALPS Intermediate Municipal Bond ETF in the 4th quarter valued at approximately $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.