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) saw a large drop in short interest in 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. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 1,464,316 shares, the short-interest ratio is presently 0.7 days.

SPDR Nuveen ICE High Yield Municipal Bond ETF Trading Up 0.0%

Shares of HYMB opened at $24.81 on Friday. SPDR Nuveen ICE High Yield Municipal Bond ETF has a 1 year low of $24.03 and a 1 year high of $25.49. The stock has a 50-day simple moving average of $25.07 and a 200-day simple moving average of $25.08.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HYMB. Ameriprise Financial Inc. grew its holdings in SPDR Nuveen ICE High Yield Municipal Bond ETF by 50.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,729,543 shares of the company’s stock worth $43,148,000 after acquiring an additional 580,975 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of 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 worth $32,101,000 after purchasing an additional 185,966 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 20.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 352,120 shares of the company’s stock worth $8,778,000 after purchasing an additional 60,614 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 8.6% during the 2nd quarter. Baird Financial Group Inc. now owns 122,593 shares of the company’s stock worth $3,038,000 after purchasing an additional 9,755 shares during the last quarter. Finally, Diversified Portfolios Inc. grew its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 40.1% during the fourth quarter. Diversified Portfolios Inc. now owns 102,370 shares of the company’s stock worth $2,553,000 after purchasing an additional 29,316 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.