Short Interest in Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) Drops By 23.7%

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

Hartford Municipal Opportunities ETF Price Performance

Hartford Municipal Opportunities ETF stock traded down $0.05 during midday trading on Monday, hitting $38.67. 48,235 shares of the company’s stock were exchanged, compared to its average volume of 73,587. Hartford Municipal Opportunities ETF has a 52-week low of $36.75 and a 52-week high of $39.91. The stock has a 50-day moving average price of $39.41 and a two-hundred day moving average price of $39.25.

Hartford Municipal Opportunities ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its position in Hartford Municipal Opportunities ETF by 28.6% during the first quarter. Jane Street Group LLC now owns 41,505 shares of the company’s stock valued at $1,596,000 after purchasing an additional 9,243 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Hartford Municipal Opportunities ETF by 39.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 100,724 shares of the company’s stock worth $3,856,000 after buying an additional 28,608 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new stake in shares of Hartford Municipal Opportunities ETF during the 2nd quarter valued at $1,519,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Hartford Municipal Opportunities ETF by 22.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,513,178 shares of the company’s stock valued at $57,924,000 after buying an additional 275,975 shares in the last quarter. Finally, Flow Traders U.S. LLC lifted its holdings in shares of Hartford Municipal Opportunities ETF by 287.2% during the 2nd quarter. Flow Traders U.S. LLC now owns 22,529 shares of the company’s stock worth $862,000 after acquiring an additional 16,711 shares during the last quarter.

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.