SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Short Interest Up 329.5% in March

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the target of a significant growth in short interest during the month of 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 short-interest ratio is currently 1.0 days. Currently, 0.8% of the company’s shares are sold short.

Hedge Funds Weigh In On SPDR Nuveen ICE High Yield Municipal Bond ETF

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

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

SPDR Nuveen ICE High Yield Municipal Bond ETF stock traded down $0.18 during mid-day trading on Thursday, hitting $24.57. 6,186,976 shares of the stock were exchanged, compared to its average volume of 1,140,444. 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 firm’s fifty day simple moving average is $25.12 and its two-hundred day simple moving average is $25.06.

SPDR Nuveen ICE High Yield Municipal Bond ETF Cuts Dividend

The company also recently announced 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. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, March 2nd.

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.