SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB – Get Free Report) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 2,314,005 shares, an increase of 67.0% from the August 31st total of 1,385,836 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 4,587,911 shares, the days-to-cover ratio is currently 0.5 days.
SPDR Nuveen ICE High Yield Municipal Bond ETF Stock Down 0.2%
Shares of NYSEARCA:HYMB traded down $0.04 during midday trading on Thursday, reaching $23.43. The company had a trading volume of 5,552,712 shares, compared to its average volume of 1,629,401. The stock’s fifty day moving average price is $24.53 and its 200-day moving average price is $24.90. SPDR Nuveen ICE High Yield Municipal Bond ETF has a one year low of $23.27 and a one year high of $25.49.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of HYMB. IMA Advisory Services Inc. raised its holdings in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 18.0% during the fourth quarter. IMA Advisory Services Inc. now owns 7,921 shares of the company’s stock valued at $198,000 after acquiring an additional 1,211 shares during the period. Morton Brown Family Wealth LLC acquired a new position in SPDR Nuveen ICE High Yield Municipal Bond ETF during the first quarter valued at $122,000. RMG Wealth Management LLC purchased a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF in the 1st quarter worth about $215,000. Confluence Investment Management LLC boosted its position in SPDR Nuveen ICE High Yield Municipal Bond ETF by 73.5% during the 3rd quarter. Confluence Investment Management LLC now owns 21,363 shares of the company’s stock worth $501,000 after acquiring an additional 9,049 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in 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 valued at $32,101,000 after acquiring an additional 185,966 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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