Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) Sees Significant Growth in Short Interest

Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 714,709 shares, a growth of 1,037.7% from the October 15th total of 62,821 shares. Based on an average daily volume of 484,025 shares, the short-interest ratio is currently 1.5 days. Currently, 3.3% of the company’s shares are sold short.

Hartford Municipal Opportunities ETF Trading Down 0.3%

HMOP traded down $0.11 during mid-day trading on Tuesday, hitting $38.28. The stock had a trading volume of 259,286 shares, compared to its average volume of 145,403. The stock’s fifty day simple moving average is $37.65 and its 200-day simple moving average is $38.73. Hartford Municipal Opportunities ETF has a 1-year low of $36.57 and a 1-year high of $39.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Securities Inc. raised its position in shares of Hartford Municipal Opportunities ETF by 0.7% during the third quarter. Fifth Third Securities Inc. now owns 47,294 shares of the company’s stock worth $1,743,000 after purchasing an additional 307 shares during the period. OneAscent Financial Services LLC lifted its holdings in shares of Hartford Municipal Opportunities ETF by 1.9% during the 3rd quarter. OneAscent Financial Services LLC now owns 28,527 shares of the company’s stock valued at $1,051,000 after purchasing an additional 545 shares in the last quarter. HB Wealth Management LLC grew its position in shares of Hartford Municipal Opportunities ETF by 7.6% in the 1st quarter. HB Wealth Management LLC now owns 8,258 shares of the company’s stock valued at $320,000 after purchasing an additional 581 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of Hartford Municipal Opportunities ETF by 3.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 44,145 shares of the company’s stock valued at $1,627,000 after purchasing an additional 1,577 shares during the period. Finally, Kestra Advisory Services LLC increased its stake in Hartford Municipal Opportunities ETF by 1.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 190,956 shares of the company’s stock worth $7,060,000 after purchasing an additional 1,908 shares in the last quarter.

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.