Short Interest in Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Decreases By 71.6%

Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 54,648 shares, a decrease of 71.6% from the May 31st total of 192,127 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 163,918 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Optimus Capital Advisors LLC grew its stake in shares of Dimensional National Municipal Bond ETF by 0.6% in the first quarter. Optimus Capital Advisors LLC now owns 151,296 shares of the company’s stock worth $7,252,000 after purchasing an additional 842 shares in the last quarter. E Wealth Partners LLC raised its stake in shares of Dimensional National Municipal Bond ETF by 0.3% during the first quarter. E Wealth Partners LLC now owns 97,396 shares of the company’s stock valued at $4,668,000 after purchasing an additional 282 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Dimensional National Municipal Bond ETF by 16.1% during the first quarter. Bank of America Corp DE now owns 418,517 shares of the company’s stock valued at $20,060,000 after purchasing an additional 58,108 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in Dimensional National Municipal Bond ETF in the first quarter worth about $250,000. Finally, Quantinno Capital Management LP acquired a new stake in Dimensional National Municipal Bond ETF in the first quarter worth about $246,000.

Dimensional National Municipal Bond ETF Stock Up 0.0%

Dimensional National Municipal Bond ETF stock opened at $48.30 on Friday. Dimensional National Municipal Bond ETF has a 12 month low of $47.15 and a 12 month high of $48.87. The company has a fifty day moving average price of $48.23 and a two-hundred day moving average price of $48.32.

Dimensional National Municipal Bond ETF Company Profile

The Dimensional National Municipal Bond ETF (DFNM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides exposure to intermediate-term, investment-grade municipal bonds that are exempt from federal income tax. DFNM was launched on Dec 15, 2021 and is managed by Dimensional.