Short Interest in Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) Rises By 44.4%

Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 45,459 shares, a growth of 44.4% from the December 31st total of 31,474 shares. Based on an average daily trading volume, of 92,796 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 92,796 shares, the short-interest ratio is currently 0.5 days.

Hartford Municipal Opportunities ETF Price Performance

HMOP stock opened at $39.41 on Friday. The company’s 50-day simple moving average is $39.23 and its 200-day simple moving average is $38.92. Hartford Municipal Opportunities ETF has a 52-week low of $36.75 and a 52-week high of $39.47.

Hartford Municipal Opportunities ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 3rd. Stockholders of record on Friday, January 30th will be issued a $0.1068 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, January 30th.

Hedge Funds Weigh In On Hartford Municipal Opportunities ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Evolution Wealth Management Inc. purchased a new stake in Hartford Municipal Opportunities ETF during the 3rd quarter valued at approximately $115,000. United Community Bank acquired a new position in shares of Hartford Municipal Opportunities ETF in the third quarter valued at approximately $116,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Hartford Municipal Opportunities ETF during the fourth quarter worth approximately $159,000. Hill Island Financial LLC acquired a new stake in shares of Hartford Municipal Opportunities ETF during the third quarter worth $210,000. Finally, Truist Financial Corp purchased a new position in Hartford Municipal Opportunities ETF in the 3rd quarter valued at $214,000.

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.