SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB – Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 342,685 shares, a decline of 88.5% from the October 15th total of 2,968,760 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 5,217,198 shares, the short-interest ratio is currently 0.1 days.
Institutional Investors Weigh In On SPDR Nuveen ICE High Yield Municipal Bond ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings in SPDR Nuveen ICE High Yield Municipal Bond ETF by 16.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,294,400 shares of the company’s stock valued at $32,101,000 after purchasing an additional 185,966 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in SPDR Nuveen ICE High Yield Municipal Bond ETF by 7.0% during the third quarter. Farther Finance Advisors LLC now owns 778,257 shares of the company’s stock worth $18,266,000 after purchasing an additional 50,707 shares in the last quarter. Heartwood Wealth Advisors LLC lifted its stake in SPDR Nuveen ICE High Yield Municipal Bond ETF by 0.8% during the third quarter. Heartwood Wealth Advisors LLC now owns 360,314 shares of the company’s stock worth $8,457,000 after purchasing an additional 2,831 shares in the last quarter. Confluence Investment Management LLC lifted its stake in SPDR Nuveen ICE High Yield Municipal Bond ETF by 73.5% during the third quarter. Confluence Investment Management LLC now owns 21,363 shares of the company’s stock worth $501,000 after purchasing an additional 9,049 shares in the last quarter. Finally, Morton Brown Family Wealth LLC lifted its stake in SPDR Nuveen ICE High Yield Municipal Bond ETF by 23.2% during the third quarter. Morton Brown Family Wealth LLC now owns 16,563 shares of the company’s stock worth $389,000 after purchasing an additional 3,118 shares in the last quarter.
SPDR Nuveen ICE High Yield Municipal Bond ETF Trading Up 0.4%
NYSEARCA HYMB traded up $0.10 during trading hours on Wednesday, reaching $24.30. The company had a trading volume of 1,631,552 shares, compared to its average volume of 2,235,019. The stock has a 50-day moving average of $23.87 and a 200 day moving average of $24.78. SPDR Nuveen ICE High Yield Municipal Bond ETF has a 1-year low of $23.05 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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