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

by · The Cerbat Gem

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,207,422 shares, a drop of 47.8% from the September 15th total of 2,314,005 shares. Based on an average trading volume of 5,180,604 shares, the short-interest ratio is presently 0.2 days. Currently, 0.8% of the company’s stock are sold short.

SPDR Nuveen ICE High Yield Municipal Bond ETF Price Performance

HYMB stock traded down $0.09 during mid-day trading on Wednesday, reaching $23.36. 556,281 shares of the company traded hands, compared to its average volume of 1,909,570. SPDR Nuveen ICE High Yield Municipal Bond ETF has a fifty-two week low of $23.05 and a fifty-two week high of $25.49. The firm’s 50 day moving average price is $24.25 and its 200 day moving average price is $24.80.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Morton Brown Family Wealth LLC purchased a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF in the first quarter valued at approximately $122,000. RMG Wealth Management LLC purchased a new position in SPDR Nuveen ICE High Yield Municipal Bond ETF in the 1st quarter worth $215,000. First Community Trust NA purchased a new position in SPDR Nuveen ICE High Yield Municipal Bond ETF in the 3rd quarter worth approximately $317,000. Confluence Investment Management LLC lifted its holdings in 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 worth $501,000 after buying an additional 9,049 shares during the period. Finally, 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 worth $8,457,000 after buying an additional 2,831 shares during the period.

SPDR Nuveen ICE High Yield Municipal Bond ETF Company Profile

(Get Free Report)

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.

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