SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Shares Shorted: Short Interest Up 67.0% in September

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the target of a significant increase in short interest in 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. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 4,587,911 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of SPDR Nuveen ICE High Yield Municipal Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of HYMB. Bank of New York Mellon Corp raised its holdings in SPDR Nuveen ICE High Yield Municipal Bond ETF by 16.8% during the first quarter. Bank of New York Mellon Corp now owns 1,294,400 shares of the company’s stock worth $32,101,000 after acquiring an additional 185,966 shares in the last quarter. RMG Wealth Management LLC bought a new position in SPDR Nuveen ICE High Yield Municipal Bond ETF in the first quarter valued at approximately $215,000. Morton Brown Family Wealth LLC bought a new position in SPDR Nuveen ICE High Yield Municipal Bond ETF in the first quarter valued at approximately $122,000. Finally, IMA Advisory Services Inc. increased its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 18.0% during the 4th quarter. IMA Advisory Services Inc. now owns 7,921 shares of the company’s stock worth $198,000 after purchasing an additional 1,211 shares during the last quarter.

SPDR Nuveen ICE High Yield Municipal Bond ETF Stock Up 0.8%

HYMB stock traded up $0.20 during midday trading on Wednesday, hitting $23.52. The company’s stock had a trading volume of 3,703,047 shares, compared to its average volume of 1,593,853. The company’s fifty day moving average price is $24.56 and its 200 day moving average price is $24.91. SPDR Nuveen ICE High Yield Municipal Bond ETF has a twelve month low of $23.27 and a twelve month high of $25.49.

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.