SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Stock Short Interest Falls 88.5%

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 daily volume of 5,217,198 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Trading of SPDR Nuveen ICE High Yield Municipal Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Heartwood Wealth Advisors LLC lifted its holdings in SPDR Nuveen ICE High Yield Municipal Bond ETF by 0.8% in the third 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. Morton Brown Family Wealth LLC raised its position in SPDR Nuveen ICE High Yield Municipal Bond ETF by 23.2% in the third 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. Farmers & Merchants Investments Inc. purchased a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF in the third quarter valued at $92,000. RMG Wealth Management LLC purchased a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF in the first quarter valued at $215,000. Finally, Confluence Investment Management LLC lifted its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 73.5% in the 3rd quarter. Confluence Investment Management LLC now owns 21,363 shares of the company’s stock valued at $501,000 after purchasing an additional 9,049 shares during the last quarter.

SPDR Nuveen ICE High Yield Municipal Bond ETF Price Performance

HYMB stock traded up $0.10 during trading on Wednesday, reaching $24.30. 1,631,552 shares of the stock were exchanged, compared to its average volume of 2,235,019. The business has a 50 day moving average price of $23.87 and a 200-day moving average price of $24.78. SPDR Nuveen ICE High Yield Municipal Bond ETF has a 1 year low of $23.05 and a 1 year high of $25.49.

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.