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

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 1,207,422 shares, a decrease of 47.8% from the September 15th total of 2,314,005 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 5,180,604 shares, the days-to-cover ratio is currently 0.2 days.

SPDR Nuveen ICE High Yield Municipal Bond ETF Trading Down 0.4%

NYSEARCA:HYMB traded down $0.09 on Wednesday, hitting $23.36. The stock had a trading volume of 556,281 shares, compared to its average volume of 1,909,570. SPDR Nuveen ICE High Yield Municipal Bond ETF has a 52-week low of $23.05 and a 52-week high of $25.49. The business’s 50-day simple moving average is $24.25 and its two-hundred day simple moving average is $24.80.

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

Several hedge funds and other institutional investors have recently made changes to their positions in HYMB. Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $32,101,000 after purchasing an additional 185,966 shares in the last quarter. Farther Finance Advisors LLC raised its stake in SPDR Nuveen ICE High Yield Municipal Bond ETF by 7.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 778,257 shares of the company’s stock worth $18,266,000 after acquiring an additional 50,707 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF in the first quarter valued at approximately $215,000. Morton Brown Family Wealth LLC acquired a new position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF in the first quarter worth about $122,000. Finally, First Community Trust NA acquired a new position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the 3rd quarter worth approximately $317,000.

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.