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

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 213,542 shares, a growth of 50.0% from the February 12th total of 142,323 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 530,741 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 530,741 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

SPDR Nuveen ICE High Yield Municipal Bond ETF Stock Performance

NYSEARCA HYMB traded up $0.09 during trading on Friday, hitting $25.04. 1,137,463 shares of the stock traded hands, compared to its average volume of 985,940. The firm has a 50-day simple moving average of $25.16 and a 200-day simple moving average of $25.03. SPDR Nuveen ICE High Yield Municipal Bond ETF has a 12-month low of $23.51 and a 12-month high of $25.78.

SPDR Nuveen ICE High Yield Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0921 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Monday, March 2nd.

Institutional Investors Weigh In On SPDR Nuveen ICE High Yield Municipal Bond ETF

Several large investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. bought a new position in SPDR Nuveen ICE High Yield Municipal Bond ETF during the third quarter valued at $25,000. JDM Financial Group LLC bought a new stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF in the 4th quarter worth about $38,000. CoreCap Advisors LLC raised its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 93.8% during the 3rd quarter. CoreCap Advisors LLC now owns 1,938 shares of the company’s stock valued at $48,000 after buying an additional 938 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 121.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 3,592 shares of the company’s stock valued at $90,000 after buying an additional 1,967 shares in the last quarter. Finally, Basepoint Wealth LLC bought a new position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF in the 4th quarter valued at about $114,000.

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.