Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) Sees Significant Decrease in Short Interest
by Scott Moore · The Cerbat GemHartford Municipal Opportunities ETF (NYSEARCA:HMOP – Get Free Report) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 18,875 shares, a decline of 44.4% from the April 30th total of 33,970 shares. Based on an average daily volume of 80,414 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.
Hartford Municipal Opportunities ETF Stock Performance
NYSEARCA HMOP traded up $0.07 on Tuesday, hitting $39.15. 98,698 shares of the company’s stock were exchanged, compared to its average volume of 72,560. The firm’s 50-day moving average price is $38.99 and its two-hundred day moving average price is $39.22. Hartford Municipal Opportunities ETF has a fifty-two week low of $37.80 and a fifty-two week high of $39.91.
Hedge Funds Weigh In On Hartford Municipal Opportunities ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in HMOP. Jane Street Group LLC increased its position in Hartford Municipal Opportunities ETF by 28.6% during the 1st quarter. Jane Street Group LLC now owns 41,505 shares of the company’s stock worth $1,596,000 after purchasing an additional 9,243 shares during the period. JPMorgan Chase & Co. increased its position in Hartford Municipal Opportunities ETF by 39.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 100,724 shares of the company’s stock worth $3,856,000 after purchasing an additional 28,608 shares during the period. Raymond James Financial Inc. increased its position in Hartford Municipal Opportunities ETF by 3.7% during the 2nd quarter. Raymond James Financial Inc. now owns 1,186,316 shares of the company’s stock worth $45,412,000 after purchasing an additional 41,834 shares during the period. Bank of America Corp DE increased its position in Hartford Municipal Opportunities ETF by 8.3% during the 2nd quarter. Bank of America Corp DE now owns 790,665 shares of the company’s stock worth $30,267,000 after purchasing an additional 60,807 shares during the period. Finally, MML Investors Services LLC increased its position in Hartford Municipal Opportunities ETF by 4.8% during the 2nd quarter. MML Investors Services LLC now owns 57,390 shares of the company’s stock worth $2,197,000 after purchasing an additional 2,629 shares during the period.
Hartford Municipal Opportunities ETF Company Profile
The Hartford Municipal Opportunities ETF (HMOP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively-managed to provide current income and long-term total return from a broad portfolio of municipal bonds. HMOP was launched on Dec 13, 2017 and is managed by Hartford.