SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Short Interest Down 59.0% in August

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 1,010,691 shares, a decrease of 59.0% from the July 30th total of 2,462,875 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,464,316 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. JDM Financial Group LLC purchased a new position in SPDR Nuveen ICE High Yield Municipal Bond ETF in the 4th quarter worth approximately $38,000. Basepoint Wealth LLC bought a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF during the 4th quarter valued at $114,000. Morton Brown Family Wealth LLC bought a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF during the 1st quarter valued at $122,000. IMA Advisory Services Inc. boosted its position in SPDR Nuveen ICE High Yield Municipal Bond ETF by 18.0% during the 4th quarter. IMA Advisory Services Inc. now owns 7,921 shares of the company’s stock valued at $198,000 after buying an additional 1,211 shares during the period. Finally, RMG Wealth Management LLC bought a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF in the 1st quarter worth $215,000.

SPDR Nuveen ICE High Yield Municipal Bond ETF Trading Down 0.0%

Shares of HYMB stock traded down $0.01 during trading hours on Friday, hitting $24.80. 1,650,743 shares of the company’s stock were exchanged, compared to its average volume of 1,187,574. SPDR Nuveen ICE High Yield Municipal Bond ETF has a 12-month low of $24.03 and a 12-month high of $25.49. The business’s 50 day simple moving average is $25.06 and its 200-day simple moving average is $25.08.

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.