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

Mairs & Power Minnesota Municipal Bond ETF (BATS:MINN) was the target of a large decline in short interest during 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. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 6,804 shares, the days-to-cover ratio is currently 1.9 days.

Mairs & Power Minnesota Municipal Bond ETF Stock Performance

Shares of Mairs & Power Minnesota Municipal Bond ETF stock opened at $22.18 on Monday. Mairs & Power Minnesota Municipal Bond ETF has a 52-week low of $21.39 and a 52-week high of $23.14. The stock has a 50-day simple moving average of $22.35 and a 200-day simple moving average of $22.49.

Mairs & Power Minnesota Municipal Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a dividend of $0.0489 per share. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 2.6%. This is a positive change from Mairs & Power Minnesota Municipal Bond ETF’s previous monthly dividend of $0.04.

Institutional Investors Weigh In On Mairs & Power Minnesota Municipal Bond ETF

Several institutional investors have recently made changes to their positions in MINN. Tradition Wealth Management LLC acquired a new stake in shares of Mairs & Power Minnesota Municipal Bond ETF during the 4th quarter valued at about $1,051,000. Bayban acquired a new stake in Mairs & Power Minnesota Municipal Bond ETF in the 4th quarter worth approximately $736,000. Mairs & Power Inc. lifted its holdings in Mairs & Power Minnesota Municipal Bond ETF by 11.2% in the 3rd quarter. Mairs & Power Inc. now owns 229,186 shares of the company’s stock worth $5,102,000 after purchasing an additional 23,000 shares during the last quarter. Jane Street Group LLC acquired a new stake in Mairs & Power Minnesota Municipal Bond ETF in the 1st quarter worth approximately $458,000. Finally, Focus Partners Advisor Solutions LLC lifted its holdings in Mairs & Power Minnesota Municipal Bond ETF by 146.8% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 32,084 shares of the company’s stock worth $722,000 after purchasing an additional 19,082 shares during the last quarter.

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.