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

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

Hartford Municipal Opportunities ETF Stock Performance

Shares of NYSEARCA:HMOP opened at $38.72 on Friday. Hartford Municipal Opportunities ETF has a twelve month low of $36.75 and a twelve month high of $39.91. The business has a fifty day moving average of $39.43 and a 200-day moving average of $39.25.

Hartford Municipal Opportunities ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HMOP. Apollon Wealth Management LLC raised its position in Hartford Municipal Opportunities ETF by 3.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 428,721 shares of the company’s stock valued at $16,707,000 after buying an additional 15,052 shares during the last quarter. Cedar Point Capital Partners LLC bought a new position in Hartford Municipal Opportunities ETF during the 3rd quarter valued at $2,474,000. Legacy Wealth Management Inc boosted its holdings in Hartford Municipal Opportunities ETF by 9.2% during the 3rd quarter. Legacy Wealth Management Inc now owns 547,484 shares of the company’s stock worth $21,335,000 after acquiring an additional 46,048 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Hartford Municipal Opportunities ETF by 48.2% during the 4th quarter. GAMMA Investing LLC now owns 51,852 shares of the company’s stock worth $2,028,000 after acquiring an additional 16,854 shares during the last quarter. Finally, Verus Capital Partners LLC grew its stake in shares of Hartford Municipal Opportunities ETF by 1,104.7% in the 3rd quarter. Verus Capital Partners LLC now owns 114,419 shares of the company’s stock worth $4,459,000 after acquiring an additional 104,921 shares in the last quarter.

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.