Short Interest in SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Increases By 52.3%

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 142,323 shares, a growth of 52.3% from the January 29th total of 93,438 shares. Based on an average trading volume of 741,853 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 741,853 shares, the short-interest ratio is presently 0.2 days.

SPDR Nuveen ICE High Yield Municipal Bond ETF Stock Performance

NYSEARCA HYMB opened at $25.45 on Friday. SPDR Nuveen ICE High Yield Municipal Bond ETF has a twelve month low of $23.51 and a twelve month high of $26.06. The stock’s 50 day moving average is $25.12 and its 200 day moving average is $24.96.

SPDR Nuveen ICE High Yield Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.0955 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, February 2nd.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HYMB. First Horizon Corp bought a new stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF in the 3rd quarter worth approximately $1,289,000. SG Americas Securities LLC purchased a new position in SPDR Nuveen ICE High Yield Municipal Bond ETF during the third quarter valued at $962,000. Arkadios Wealth Advisors bought a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF in the second quarter worth $307,000. Confluence Investment Management LLC grew its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 159.6% in the third quarter. Confluence Investment Management LLC now owns 106,825 shares of the company’s stock worth $2,663,000 after acquiring an additional 65,668 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 31.7% during the third quarter. Farther Finance Advisors LLC now owns 393,482 shares of the company’s stock valued at $9,810,000 after acquiring an additional 94,778 shares in the last quarter.

SPDR Nuveen ICE High Yield Municipal Bond ETF Company Profile

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.