Rockefeller Opportunistic Municipal Bond ETF (NYSEARCA:RMOP) Sees Large Increase in Short Interest

by · The Markets Daily

Rockefeller Opportunistic Municipal Bond ETF (NYSEARCA:RMOP – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 159,801 shares, a growth of 754.4% from the August 15th total of 18,703 shares. Based on an average daily volume of 147,520 shares, the short-interest ratio is currently 1.1 days. Currently, 0.9% of the shares of the stock are sold short.

Rockefeller Opportunistic Municipal Bond ETF Stock Performance

The company has a 50 day moving average price of $25.07 and a 200-day moving average price of $25.16. Rockefeller Opportunistic Municipal Bond ETF has a 12-month low of $24.17 and a 12-month high of $25.61.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RMOP. SouthState Bank Corp lifted its stake in Rockefeller Opportunistic Municipal Bond ETF by 146.4% in the 4th quarter. SouthState Bank Corp now owns 864,500 shares of the company’s stock valued at $21,638,000 after acquiring an additional 513,629 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Rockefeller Opportunistic Municipal Bond ETF during the 4th quarter worth approximately $304,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Rockefeller Opportunistic Municipal Bond ETF in the second quarter valued at approximately $76,000.

Rockefeller Opportunistic Municipal Bond ETF Company Profile

(Get Free Report)

The Rockefeller Opportunistic Municipal Bond ETF (RMOP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that broadly invests in US municipal bonds. Municipal bonds could be of any credit quality or maturity that are exempt from federal income taxes. RMOP was launched on Aug 12, 2024 and is issued by Rockefeller Capital Management.

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