SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Sees Large Increase in Short Interest

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 917,098 shares, a growth of 329.5% from the February 26th total of 213,542 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 920,806 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 920,806 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.8% of the shares of the company are short sold.

Institutional Investors Weigh In On SPDR Nuveen ICE High Yield Municipal Bond ETF

A number of institutional investors have recently added to or reduced their stakes in HYMB. Ameriprise Financial Inc. raised its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 50.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,729,543 shares of the company’s stock worth $43,148,000 after buying an additional 580,975 shares in the last quarter. Heartwood Wealth Advisors LLC grew its holdings in SPDR Nuveen ICE High Yield Municipal Bond ETF by 977.8% during the third quarter. Heartwood Wealth Advisors LLC now owns 395,696 shares of the company’s stock worth $9,865,000 after acquiring an additional 358,982 shares during the period. Bank of New York Mellon Corp raised its position in SPDR Nuveen ICE High Yield Municipal Bond ETF by 14.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,108,434 shares of the company’s stock worth $27,644,000 after acquiring an additional 141,292 shares in the last quarter. Farther Finance Advisors LLC raised its position in SPDR Nuveen ICE High Yield Municipal Bond ETF by 31.7% in the third quarter. Farther Finance Advisors LLC now owns 393,482 shares of the company’s stock worth $9,810,000 after acquiring an additional 94,778 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its holdings in SPDR Nuveen ICE High Yield Municipal Bond ETF by 159.6% in the third quarter. Confluence Investment Management LLC now owns 106,825 shares of the company’s stock valued at $2,663,000 after acquiring an additional 65,668 shares during the period.

SPDR Nuveen ICE High Yield Municipal Bond ETF Stock Performance

HYMB stock opened at $24.64 on Wednesday. SPDR Nuveen ICE High Yield Municipal Bond ETF has a one year low of $23.51 and a one year high of $25.59. The company has a fifty day moving average of $25.14 and a 200-day moving average of $25.06.

SPDR Nuveen ICE High Yield Municipal Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.0921 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, March 2nd.

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.