Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) Sees Significant Drop in Short Interest

Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 21,045 shares, a decrease of 23.7% from the February 26th total of 27,581 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 50,828 shares, the days-to-cover ratio is currently 0.4 days.

Hartford Municipal Opportunities ETF Price Performance

Shares of HMOP stock opened at $38.72 on Friday. Hartford Municipal Opportunities ETF has a 52 week low of $36.75 and a 52 week high of $39.91. The firm’s 50-day simple moving average is $39.43 and its two-hundred day simple moving average is $39.25.

Hartford Municipal Opportunities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 27th were paid a dividend of $0.1131 per share. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, February 27th. This is an increase from Hartford Municipal Opportunities ETF’s previous monthly dividend of $0.11.

Institutional Investors Weigh In On Hartford Municipal Opportunities ETF

Hedge funds have recently modified their holdings of the stock. Abound Financial LLC bought a new position in Hartford Municipal Opportunities ETF during the fourth quarter valued at $27,000. Wells Fargo & Company MN increased its position in Hartford Municipal Opportunities ETF by 201,700.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,018 shares of the company’s stock worth $79,000 after buying an additional 2,017 shares during the last quarter. Evolution Wealth Management Inc. bought a new stake in shares of Hartford Municipal Opportunities ETF in the third quarter valued at $115,000. United Community Bank bought a new stake in shares of Hartford Municipal Opportunities ETF in the third quarter valued at $116,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Hartford Municipal Opportunities ETF during the 4th quarter valued at $159,000.

About Hartford Municipal Opportunities ETF

The Hartford Municipal Opportunities ETF (HMOP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively-managed to provide current income and long-term total return from a broad portfolio of municipal bonds. HMOP was launched on Dec 13, 2017 and is managed by Hartford.