SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB – Get Free Report) was the target of a significant growth in short interest in 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. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 1,074,155 shares, the days-to-cover ratio is currently 0.8 days.
Institutional Investors Weigh In On SPDR Nuveen ICE High Yield Municipal Bond ETF
A number of large investors have recently added to or reduced their stakes in HYMB. JDM Financial Group LLC purchased a new position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the fourth quarter worth approximately $38,000. Creative Financial Designs Inc. ADV raised its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 121.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 3,592 shares of the company’s stock worth $90,000 after acquiring an additional 1,967 shares in the last quarter. Basepoint Wealth LLC purchased a new position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the fourth quarter worth approximately $114,000. Morton Brown Family Wealth LLC purchased a new position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the first quarter worth approximately $122,000. Finally, Nemes Rush Group LLC raised its stake in shares of 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 in the last quarter.
SPDR Nuveen ICE High Yield Municipal Bond ETF Stock Down 0.2%
Shares of HYMB opened at $25.21 on Thursday. The firm’s 50 day simple moving average is $25.10 and its 200 day simple moving average is $25.07. SPDR Nuveen ICE High Yield Municipal Bond ETF has a 1-year low of $24.03 and a 1-year high of $25.49.
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.
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