There has been an uptick in the volumes of the various Muni ETFs that have been issued by Barclays, SSGA., Powershares and Van Eck.
Of note yesterday were the 96,300 shares of MUB(Barclays natiional product) and the 201,000 shares of TFI(State Street national product). PZA from Powershares was third in share volume with 10,700 shares. All 12 existing Muni ETFs had some share volume.
There has been a flurry of late in the year launch announcements from several issuers. The timing is difficult as most specialists are trying to close out the year and are generally reluctant to take on new product with little chance of substantial sales until the New Year.
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