SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB – Get Free Report) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,010,691 shares, a drop of 59.0% from the July 30th total of 2,462,875 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 1,464,316 shares, the days-to-cover ratio is presently 0.7 days.
SPDR Nuveen ICE High Yield Municipal Bond ETF Price Performance
Shares of HYMB traded down $0.01 during trading on Friday, reaching $24.80. 1,650,743 shares of the company traded hands, compared to its average volume of 1,187,574. SPDR Nuveen ICE High Yield Municipal Bond ETF has a twelve month low of $24.03 and a twelve month high of $25.49. The stock has a 50-day simple moving average of $25.06 and a 200-day simple moving average of $25.08.
Hedge Funds Weigh In On SPDR Nuveen ICE High Yield Municipal Bond ETF
A number of hedge funds have recently made changes to their positions in HYMB. JDM Financial Group LLC purchased a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF in the fourth quarter valued at approximately $38,000. Basepoint Wealth LLC purchased a new position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the fourth quarter worth $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 $122,000. IMA Advisory Services Inc. grew its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 18.0% in the fourth quarter. IMA Advisory Services Inc. now owns 7,921 shares of the company’s stock valued at $198,000 after buying an additional 1,211 shares in the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF in the first quarter valued at $215,000.
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.
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