SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Shares Shorted: Short Interest Up 67.0% in September

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 2,314,005 shares, a growth of 67.0% from the August 31st total of 1,385,836 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average trading volume of 4,587,911 shares, the days-to-cover ratio is presently 0.5 days.

SPDR Nuveen ICE High Yield Municipal Bond ETF Price Performance

NYSEARCA HYMB traded up $0.20 on Wednesday, reaching $23.52. The company had a trading volume of 3,703,047 shares, compared to its average volume of 1,593,853. The company’s fifty day moving average is $24.56 and its 200-day moving average is $24.91. SPDR Nuveen ICE High Yield Municipal Bond ETF has a 1-year low of $23.27 and a 1-year high of $25.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HYMB. Bank of New York Mellon Corp raised its position in SPDR Nuveen ICE High Yield Municipal Bond ETF by 16.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,294,400 shares of the company’s stock valued at $32,101,000 after buying an additional 185,966 shares during the last quarter. RMG Wealth Management LLC acquired a new position in SPDR Nuveen ICE High Yield Municipal Bond ETF during the 1st quarter worth approximately $215,000. IMA Advisory Services Inc. grew its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 18.0% during the 4th quarter. IMA Advisory Services Inc. now owns 7,921 shares of the company’s stock worth $198,000 after acquiring an additional 1,211 shares in the last quarter. Finally, Morton Brown Family Wealth LLC bought a new position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the 1st quarter worth approximately $122,000.

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.