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 recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 2,462,875 shares, a growth of 173.8% from the July 15th total of 899,519 shares. Based on an average trading volume of 1,889,803 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.9% of the company’s shares are short sold.

SPDR Nuveen ICE High Yield Municipal Bond ETF Trading Up 0.2%

Shares of NYSEARCA:HYMB opened at $25.03 on Friday. SPDR Nuveen ICE High Yield Municipal Bond ETF has a 1 year low of $24.03 and a 1 year high of $25.49. The stock has a 50-day simple moving average of $25.15 and a 200-day simple moving average of $25.10.

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

Several hedge funds have recently modified their holdings of HYMB. Baird Financial Group Inc. lifted its position in SPDR Nuveen ICE High Yield Municipal Bond ETF by 8.6% during the 2nd quarter. Baird Financial Group Inc. now owns 122,593 shares of the company’s stock worth $3,038,000 after acquiring an additional 9,755 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 20.8% during the third quarter. JPMorgan Chase & Co. now owns 352,120 shares of the company’s stock valued at $8,778,000 after purchasing an additional 60,614 shares during the period. Ameriprise Financial Inc. raised its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 50.6% during the third quarter. Ameriprise Financial Inc. now owns 1,729,543 shares of the company’s stock valued at $43,148,000 after purchasing an additional 580,975 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the third quarter worth $762,000. Finally, Farther Finance Advisors LLC lifted its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 13.8% during the fourth quarter. Farther Finance Advisors LLC now owns 447,613 shares of the company’s stock worth $11,163,000 after purchasing an additional 54,131 shares in the last quarter.

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.