Short Interest in SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Increases By 58.3%

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 822,984 shares, an increase of 58.3% from the May 14th total of 519,919 shares. Based on an average trading volume of 1,074,155 shares, the short-interest ratio is presently 0.8 days. Currently, 0.7% of the shares of the company are sold short.

SPDR Nuveen ICE High Yield Municipal Bond ETF Stock Performance

NYSEARCA HYMB traded up $0.05 on Tuesday, hitting $25.25. 533,645 shares of the company’s stock traded hands, compared to its average volume of 1,089,363. SPDR Nuveen ICE High Yield Municipal Bond ETF has a 1-year low of $24.03 and a 1-year high of $25.49. The firm’s 50-day moving average price is $25.09 and its two-hundred day moving average price is $25.07.

Institutional Trading of SPDR Nuveen ICE High Yield Municipal Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc lifted its stake in SPDR Nuveen ICE High Yield Municipal Bond ETF by 4.8% during the 3rd quarter. IFP Advisors Inc now owns 11,053 shares of the company’s stock valued at $276,000 after acquiring an additional 511 shares during the period. Nemes Rush Group LLC increased its holdings in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 11.8% during the 3rd quarter. Nemes Rush Group LLC now owns 5,386 shares of the company’s stock valued at $134,000 after purchasing an additional 567 shares in the last quarter. IMA Advisory Services Inc. increased its holdings in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 18.0% during the 4th quarter. IMA Advisory Services Inc. now owns 7,921 shares of the company’s stock valued at $198,000 after purchasing an additional 1,211 shares in the last quarter. Manning & Napier Advisors LLC increased its holdings in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 15.0% during the 4th quarter. Manning & Napier Advisors LLC now owns 11,268 shares of the company’s stock valued at $281,000 after purchasing an additional 1,467 shares in the last quarter. Finally, JDM Financial Group LLC purchased a new position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the 4th quarter valued at approximately $38,000.

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.