SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 519,919 shares, a drop of 44.9% from the April 30th total of 942,983 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 930,784 shares, the days-to-cover ratio is presently 0.6 days.
SPDR Nuveen ICE High Yield Municipal Bond ETF Stock Performance
Shares of HYMB traded up $0.03 during midday trading on Tuesday, hitting $25.18. The company had a trading volume of 1,002,118 shares, compared to its average volume of 1,120,854. The company’s 50-day simple moving average is $25.00 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.
Hedge Funds Weigh In On SPDR Nuveen ICE High Yield Municipal Bond ETF
Several hedge funds and other institutional investors have recently made changes to their positions in HYMB. Ameriprise Financial Inc. boosted its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 50.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,729,543 shares of the company’s stock valued at $43,148,000 after buying an additional 580,975 shares during the period. Bank of New York Mellon Corp raised its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 16.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,294,400 shares of the company’s stock worth $32,101,000 after acquiring an additional 185,966 shares in the last quarter. FSA Advisors Inc. acquired a new stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the 4th quarter worth about $1,592,000. JPMorgan Chase & Co. raised its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 20.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 352,120 shares of the company’s stock worth $8,778,000 after acquiring an additional 60,614 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 13.8% during the 4th quarter. Farther Finance Advisors LLC now owns 447,613 shares of the company’s stock worth $11,163,000 after acquiring an additional 54,131 shares in the last quarter.
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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