SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Sees Significant Decline in Short Interest

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 1,010,691 shares, a decrease of 59.0% from the July 30th total of 2,462,875 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average 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 Trading Up 0.0%

HYMB opened at $24.81 on Friday. SPDR Nuveen ICE High Yield Municipal Bond ETF has a one year low of $24.03 and a one year high of $25.49. The business’s 50-day simple moving average is $25.07 and its 200-day simple moving average is $25.08.

Hedge Funds Weigh In On SPDR Nuveen ICE High Yield Municipal Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. JDM Financial Group LLC acquired a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF during the fourth quarter worth approximately $38,000. Basepoint Wealth LLC acquired a new position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF in the 4th quarter valued at $114,000. Morton Brown Family Wealth LLC acquired a new position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF in the 1st quarter valued at $122,000. IMA Advisory Services Inc. grew its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 18.0% in the 4th 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 during the last quarter. Finally, RMG Wealth Management LLC purchased a new position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF in the 1st quarter valued at $215,000.

SPDR Nuveen ICE High Yield Municipal Bond ETF Company Profile

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.