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 large growth in short interest in the month of May. As of May 29th, there was short interest totaling 822,984 shares, a growth of 58.3% from the May 14th total of 519,919 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 1,074,155 shares, the days-to-cover ratio is presently 0.8 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. RMG Wealth Management LLC purchased a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF during the first quarter worth $215,000. Bank of New York Mellon Corp boosted 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 purchasing an additional 185,966 shares during the last quarter. Morton Brown Family Wealth LLC bought a new stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF in the first quarter worth $122,000. Arkadios Wealth Advisors increased its holdings in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 13.7% in the 4th quarter. Arkadios Wealth Advisors now owns 19,877 shares of the company’s stock valued at $496,000 after acquiring an additional 2,398 shares during the last quarter. Finally, IMA Advisory Services Inc. lifted its holdings in SPDR Nuveen ICE High Yield Municipal Bond ETF by 18.0% in the fourth quarter. IMA Advisory Services Inc. now owns 7,921 shares of the company’s stock worth $198,000 after acquiring an additional 1,211 shares during the last quarter.

SPDR Nuveen ICE High Yield Municipal Bond ETF Trading Up 0.1%

Shares of NYSEARCA HYMB traded up $0.03 during midday trading on Wednesday, hitting $25.28. The company’s stock had a trading volume of 134,910 shares, compared to its average volume of 1,085,209. 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 business’s fifty day simple moving average is $25.09 and its two-hundred day simple moving average is $25.07.

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.