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

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 1,879,506 shares, a growth of 384.8% from the December 31st total of 387,723 shares. Based on an average daily volume of 1,688,426 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.6% of the company’s stock are sold short. Approximately 1.6% of the company’s stock are sold short. Based on an average daily volume of 1,688,426 shares, the days-to-cover ratio is presently 1.1 days.

SPDR Nuveen ICE High Yield Municipal Bond ETF Price Performance

Shares of SPDR Nuveen ICE High Yield Municipal Bond ETF stock remained flat at $25.09 on Thursday. 610,289 shares of the stock traded hands, compared to its average volume of 1,377,141. 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 has a fifty day simple moving average of $25.05 and a 200-day simple moving average of $24.82.

Institutional Trading of SPDR Nuveen ICE High Yield Municipal Bond ETF

A number of institutional investors have recently made changes to their positions in the business. IFP Advisors Inc grew its stake in 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 valued at $276,000 after purchasing an additional 511 shares in the last quarter. Nemes Rush Group LLC lifted its position in SPDR Nuveen ICE High Yield Municipal Bond ETF by 11.8% during the third quarter. Nemes Rush Group LLC now owns 5,386 shares of the company’s stock worth $134,000 after acquiring an additional 567 shares during the last quarter. Missouri Trust & Investment Co boosted its stake in 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 purchasing an additional 925 shares during the period. CoreCap Advisors LLC boosted its position 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 acquiring an additional 938 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF in the 3rd quarter valued at 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.