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

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 342,685 shares, a decrease of 88.5% from the October 15th total of 2,968,760 shares. Based on an average trading volume of 5,217,198 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

SPDR Nuveen ICE High Yield Municipal Bond ETF Stock Performance

Shares of NYSEARCA HYMB traded down $0.10 during mid-day trading on Friday, hitting $23.95. 2,071,147 shares of the stock were exchanged, compared to its average volume of 2,241,041. SPDR Nuveen ICE High Yield Municipal Bond ETF has a twelve month low of $23.05 and a twelve month high of $25.49. The stock’s fifty day simple moving average is $23.86 and its two-hundred day simple moving average is $24.77.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in SPDR Nuveen ICE High Yield Municipal Bond ETF by 16.8% in the first quarter. Bank of New York Mellon Corp now owns 1,294,400 shares of the company’s stock valued at $32,101,000 after buying an additional 185,966 shares during the period. Farther Finance Advisors LLC raised its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 7.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 778,257 shares of the company’s stock valued at $18,266,000 after acquiring an additional 50,707 shares during the last quarter. Heartwood Wealth Advisors LLC raised its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 0.8% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 360,314 shares of the company’s stock valued at $8,457,000 after acquiring an additional 2,831 shares during the last quarter. Confluence Investment Management LLC raised its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 73.5% during the 3rd quarter. Confluence Investment Management LLC now owns 21,363 shares of the company’s stock valued at $501,000 after acquiring an additional 9,049 shares during the last quarter. Finally, Morton Brown Family Wealth LLC lifted its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 23.2% in the 3rd quarter. Morton Brown Family Wealth LLC now owns 16,563 shares of the company’s stock valued at $389,000 after purchasing an additional 3,118 shares during the period.

SPDR Nuveen ICE High Yield Municipal Bond ETF Company Profile

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.