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

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 917,098 shares, a growth of 329.5% from the February 26th total of 213,542 shares. Based on an average trading volume of 920,806 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.8% of the shares of the stock are short sold. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 920,806 shares, the days-to-cover ratio is currently 1.0 days.

SPDR Nuveen ICE High Yield Municipal Bond ETF Trading Down 0.7%

HYMB stock opened at $24.64 on Wednesday. SPDR Nuveen ICE High Yield Municipal Bond ETF has a 12 month low of $23.51 and a 12 month high of $25.59. The company’s 50 day simple moving average is $25.14 and its 200-day simple moving average is $25.06.

SPDR Nuveen ICE High Yield Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.0921 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of HYMB. Cullen Frost Bankers Inc. purchased a new position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the third quarter valued at approximately $25,000. JDM Financial Group LLC acquired a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF in the 4th quarter worth about $38,000. CoreCap Advisors LLC grew its holdings in SPDR Nuveen ICE High Yield Municipal Bond ETF by 93.8% in the 3rd quarter. CoreCap Advisors LLC now owns 1,938 shares of the company’s stock valued at $48,000 after buying an additional 938 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 121.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 3,592 shares of the company’s stock worth $90,000 after acquiring an additional 1,967 shares during the period. Finally, Basepoint Wealth LLC acquired a new stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF in the fourth quarter worth approximately $114,000.

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.