SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Short Interest Update

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 213,542 shares, an increase of 50.0% from the February 12th total of 142,323 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 530,741 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 530,741 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

SPDR Nuveen ICE High Yield Municipal Bond ETF Price Performance

Shares of SPDR Nuveen ICE High Yield Municipal Bond ETF stock opened at $25.04 on Monday. The company’s fifty day simple moving average is $25.16 and its two-hundred day simple moving average is $25.03. SPDR Nuveen ICE High Yield Municipal Bond ETF has a 12-month low of $23.51 and a 12-month high of $25.78.

SPDR Nuveen ICE High Yield Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.0921 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.4%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc raised its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 4.8% in the 3rd quarter. IFP Advisors Inc now owns 11,053 shares of the company’s stock worth $276,000 after acquiring an additional 511 shares in the last quarter. Nemes Rush Group LLC boosted its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 11.8% during the third quarter. Nemes Rush Group LLC now owns 5,386 shares of the company’s stock valued at $134,000 after purchasing an additional 567 shares in the last quarter. Missouri Trust & Investment Co boosted its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 2.2% during the third quarter. Missouri Trust & Investment Co now owns 42,575 shares of the company’s stock valued at $1,061,000 after purchasing an additional 925 shares in the last quarter. CoreCap Advisors LLC grew its stake in SPDR Nuveen ICE High Yield Municipal Bond ETF by 93.8% in the third quarter. CoreCap Advisors LLC now owns 1,938 shares of the company’s stock worth $48,000 after purchasing an additional 938 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF in the third quarter worth $25,000.

About SPDR Nuveen ICE High Yield Municipal Bond ETF

The SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB) is an exchange-traded fund that is based on the S&P Municipal Yield index. The fund tracks a market-value-weighted index of high-yield and investment grade fixed-rate municipal US bonds with at least a year to maturity. HYMB was launched on Apr 13, 2011 and is managed by State Street.