Short Interest in Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) Grows By 169.9%

Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 28,852 shares, an increase of 169.9% from the August 15th total of 10,690 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 85,674 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. HB Wealth Management LLC boosted its position in shares of Hartford Municipal Opportunities ETF by 7.6% during the first quarter. HB Wealth Management LLC now owns 8,258 shares of the company’s stock worth $320,000 after purchasing an additional 581 shares in the last quarter. Abound Financial LLC acquired a new position in shares of Hartford Municipal Opportunities ETF in the 4th quarter valued at $27,000. Stonehearth Capital Management LLC increased its position in shares of Hartford Municipal Opportunities ETF by 3.1% in the 1st quarter. Stonehearth Capital Management LLC now owns 24,326 shares of the company’s stock valued at $942,000 after buying an additional 726 shares in the last quarter. Anderson Financial Strategies LLC increased its position in shares of Hartford Municipal Opportunities ETF by 0.8% in the 4th quarter. Anderson Financial Strategies LLC now owns 124,954 shares of the company’s stock valued at $4,887,000 after buying an additional 1,006 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in shares of Hartford Municipal Opportunities ETF by 3.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 40,569 shares of the company’s stock valued at $1,587,000 after buying an additional 1,339 shares in the last quarter.

Hartford Municipal Opportunities ETF Stock Down 0.1%

Shares of HMOP stock opened at $37.77 on Tuesday. Hartford Municipal Opportunities ETF has a 52-week low of $37.73 and a 52-week high of $39.91. The firm’s 50 day moving average price is $38.63 and its two-hundred day moving average price is $38.95.

Hartford Municipal Opportunities ETF Company Profile

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.