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 growth in short interest in October. As of October 15th, there was short interest totaling 5,132 shares, a growth of 1,063.7% from the September 30th total of 441 shares. Based on an average trading volume of 15,534 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Trading of Mairs & Power Minnesota Municipal Bond ETF

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

Mairs & Power Minnesota Municipal Bond ETF Price Performance

MINN traded up $0.10 on Monday, reaching $21.49. The company had a trading volume of 9,064 shares, compared to its average volume of 12,561. 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 50-day moving average price of $21.29 and a 200-day moving average price of $22.11.

Mairs & Power Minnesota Municipal Bond ETF Cuts Dividend

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

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.