SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Short Interest Down 44.9% in May

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 519,919 shares, a drop of 44.9% from the April 30th total of 942,983 shares. Based on an average daily volume of 930,784 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HYMB. JDM Financial Group LLC acquired a new position in SPDR Nuveen ICE High Yield Municipal Bond ETF during the fourth quarter worth about $38,000. Creative Financial Designs Inc. ADV boosted its position in SPDR Nuveen ICE High Yield Municipal Bond ETF by 121.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 3,592 shares of the company’s stock worth $90,000 after acquiring an additional 1,967 shares during the period. Basepoint Wealth LLC acquired a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF during the 4th quarter worth about $114,000. Morton Brown Family Wealth LLC acquired a new stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the 1st quarter valued at about $122,000. Finally, Nemes Rush Group LLC lifted its holdings in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 11.8% during the 3rd quarter. Nemes Rush Group LLC now owns 5,386 shares of the company’s stock valued at $134,000 after buying an additional 567 shares during the last quarter.

SPDR Nuveen ICE High Yield Municipal Bond ETF Stock Performance

HYMB traded up $0.04 during trading hours on Thursday, hitting $25.21. 138,469 shares of the stock were exchanged, compared to its average volume of 1,112,631. 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 stock has a 50-day simple moving average of $25.01 and a 200-day simple moving average of $25.07.

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.