Municipal Bond ETFs 10/24/2007

The recent launches continue to show steady progress. All 10 currently issued ETFs traded yesterday with a combined volume of over 110,000 shares.

MUB 30,700, CMF 2,100, CXA 3,600, INY 8,600, TFI 26,000, SHM 10,200, NYF 7,100, PZT 1,500, PZA 17,000, and PWZ 3,800. There are numerous buyers and significantly many odd lot trades which indicates that small buyers are entering the fray. These odd lot buyers ted to produce sticky assets which are the goal of all issuers.

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