SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Short Interest Up 384.8% in January

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,879,506 shares, a growth of 384.8% from the December 31st total of 387,723 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,688,426 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 1,688,426 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.6% of the shares of the company are sold short.

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

Shares of HYMB stock opened at $25.09 on Wednesday. SPDR Nuveen ICE High Yield Municipal Bond ETF has a 12 month low of $23.51 and a 12 month high of $26.06. The stock has a 50 day moving average of $25.05 and a 200-day moving average of $24.82.

Hedge Funds Weigh In On SPDR Nuveen ICE High Yield Municipal Bond ETF

Several large investors have recently added to or reduced their stakes in HYMB. HCR Wealth Advisors raised its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 69.7% in the fourth quarter. HCR Wealth Advisors now owns 17,050 shares of the company’s stock valued at $425,000 after purchasing an additional 7,000 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 13.8% during the 4th quarter. Farther Finance Advisors LLC now owns 447,613 shares of the company’s stock worth $11,163,000 after acquiring an additional 54,131 shares during the period. Heartwood Wealth Advisors LLC lifted its holdings in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 0.5% during the 4th quarter. Heartwood Wealth Advisors LLC now owns 397,718 shares of the company’s stock worth $9,919,000 after acquiring an additional 2,022 shares during the period. Confluence Investment Management LLC boosted its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 17.5% during the 4th quarter. Confluence Investment Management LLC now owns 125,516 shares of the company’s stock valued at $3,130,000 after acquiring an additional 18,691 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in SPDR Nuveen ICE High Yield Municipal Bond ETF by 20.8% in the third quarter. JPMorgan Chase & Co. now owns 352,120 shares of the company’s stock valued at $8,778,000 after acquiring an additional 60,614 shares during the period.

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.