Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) Short Interest Update

Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 21,045 shares, a decrease of 23.7% from the February 26th total of 27,581 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 50,828 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HMOP. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Hartford Municipal Opportunities ETF by 22.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,513,178 shares of the company’s stock worth $57,924,000 after purchasing an additional 275,975 shares during the period. Integrated Wealthcare LLC bought a new stake in Hartford Municipal Opportunities ETF during the fourth quarter valued at $9,927,000. Fragasso Financial Advisors Inc purchased a new position in Hartford Municipal Opportunities ETF during the fourth quarter worth about $8,863,000. Blue Water Asset Management purchased a new position in Hartford Municipal Opportunities ETF during the fourth quarter worth about $8,666,000. Finally, LPL Financial LLC increased its stake in Hartford Municipal Opportunities ETF by 19.1% in the 4th quarter. LPL Financial LLC now owns 967,398 shares of the company’s stock worth $37,835,000 after acquiring an additional 155,457 shares during the last quarter.

Hartford Municipal Opportunities ETF Price Performance

Shares of Hartford Municipal Opportunities ETF stock traded up $0.06 during trading hours on Tuesday, reaching $38.73. The company had a trading volume of 16,158 shares, compared to its average volume of 72,494. Hartford Municipal Opportunities ETF has a one year low of $36.75 and a one year high of $39.91. The business has a fifty day simple moving average of $39.41 and a 200 day simple moving average of $39.25.

Hartford Municipal Opportunities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Friday, February 27th were paid a $0.1131 dividend. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a yield of 3.5%. This is an increase from Hartford Municipal Opportunities ETF’s previous monthly dividend of $0.11.

About Hartford Municipal Opportunities ETF

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.