Hartford Schroders Tax-Aware Bond ETF (NYSEARCA:HTAB) Sees Significant Drop in Short Interest

Hartford Schroders Tax-Aware Bond ETF (NYSEARCA:HTAB) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 9,062 shares, a decline of 49.5% from the February 26th total of 17,958 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 87,103 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. CPC Advisors LLC lifted its holdings in shares of Hartford Schroders Tax-Aware Bond ETF by 144.9% during the third quarter. CPC Advisors LLC now owns 1,821,706 shares of the company’s stock worth $34,849,000 after purchasing an additional 1,077,814 shares during the period. Envestnet Asset Management Inc. grew its position in Hartford Schroders Tax-Aware Bond ETF by 9.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 752,125 shares of the company’s stock valued at $14,388,000 after buying an additional 62,562 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Hartford Schroders Tax-Aware Bond ETF by 55.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 622,564 shares of the company’s stock valued at $11,648,000 after buying an additional 223,231 shares during the period. Jones Financial Companies Lllp raised its position in Hartford Schroders Tax-Aware Bond ETF by 37.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 493,555 shares of the company’s stock worth $9,442,000 after buying an additional 134,069 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its position in Hartford Schroders Tax-Aware Bond ETF by 46.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 230,156 shares of the company’s stock worth $4,403,000 after buying an additional 72,837 shares during the last quarter.

Hartford Schroders Tax-Aware Bond ETF Price Performance

Shares of HTAB traded down $0.04 during mid-day trading on Thursday, hitting $18.95. 57,222 shares of the company’s stock were exchanged, compared to its average volume of 55,640. Hartford Schroders Tax-Aware Bond ETF has a fifty-two week low of $17.98 and a fifty-two week high of $19.56. The business’s 50 day moving average is $19.26 and its two-hundred day moving average is $19.25.

Hartford Schroders Tax-Aware Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Friday, February 27th were given a dividend of $0.0584 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Hartford Schroders Tax-Aware Bond ETF’s previous monthly dividend of $0.06.

Hartford Schroders Tax-Aware Bond ETF Company Profile

The Hartford Schroders Tax-Aware Bond ETF (HTAB) is an exchange-traded fund that is based on the Bloomberg Municipal Managed Money index. The fund is an actively managed fund of US investment-grade debt selected for tax-efficient cash flow. Investments include both taxable and tax-free debt, and the fund uses derivatives to supplement its tax-efficient strategy. HTAB was launched on Apr 18, 2018 and is managed by Hartford.