SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Short Interest Update
by Sarita Garza · The Markets DailySPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB – Get Free Report) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 387,723 shares, a decline of 55.2% from the December 15th total of 866,325 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,154,540 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 1,154,540 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.
SPDR Nuveen ICE High Yield Municipal Bond ETF Stock Down 0.1%
Shares of HYMB traded down $0.03 during trading hours on Friday, reaching $25.20. The stock had a trading volume of 936,825 shares, compared to its average volume of 1,620,039. SPDR Nuveen ICE High Yield Municipal Bond ETF has a 12 month low of $23.51 and a 12 month high of $26.06. The company’s 50-day moving average is $25.05 and its two-hundred day moving average is $24.79.
Hedge Funds Weigh In On SPDR Nuveen ICE High Yield Municipal Bond ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc grew its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 4.8% in the third quarter. IFP Advisors Inc now owns 11,053 shares of the company’s stock worth $276,000 after purchasing an additional 511 shares during the last quarter. Nemes Rush Group LLC lifted its holdings in 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 worth $134,000 after buying an additional 567 shares during the period. Missouri Trust & Investment Co grew its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 2.2% in the 3rd quarter. Missouri Trust & Investment Co now owns 42,575 shares of the company’s stock valued at $1,061,000 after buying an additional 925 shares during the last quarter. CoreCap Advisors LLC increased its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 93.8% in the third quarter. CoreCap Advisors LLC now owns 1,938 shares of the company’s stock valued at $48,000 after buying an additional 938 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the third quarter worth about $25,000.
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.