SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Shares Shorted: Short Interest Down 47.8% in September

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,207,422 shares, a decrease of 47.8% from the September 15th total of 2,314,005 shares. Based on an average daily trading volume, of 5,180,604 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.8% of the company’s shares are sold short.

SPDR Nuveen ICE High Yield Municipal Bond ETF Stock Performance

SPDR Nuveen ICE High Yield Municipal Bond ETF stock traded down $0.05 during trading hours on Friday, hitting $23.61. 7,651,617 shares of the stock traded hands, compared to its average volume of 2,015,743. SPDR Nuveen ICE High Yield Municipal Bond ETF has a one year low of $23.05 and a one year high of $25.49. The firm’s 50-day moving average price is $24.20 and its two-hundred day moving average price is $24.79.

Institutional Trading of SPDR Nuveen ICE High Yield Municipal Bond ETF

A number of institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its position in SPDR Nuveen ICE High Yield Municipal Bond ETF by 16.8% during the first 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 period. Farther Finance Advisors LLC lifted its holdings in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 7.0% in the third quarter. Farther Finance Advisors LLC now owns 778,257 shares of the company’s stock worth $18,266,000 after buying an additional 50,707 shares in the last quarter. Heartwood Wealth Advisors LLC boosted its holdings in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 0.8% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 360,314 shares of the company’s stock valued at $8,457,000 after purchasing an additional 2,831 shares during the last quarter. Confluence Investment Management LLC grew its holdings in SPDR Nuveen ICE High Yield Municipal Bond ETF by 73.5% during the 3rd quarter. Confluence Investment Management LLC now owns 21,363 shares of the company’s stock valued at $501,000 after buying an additional 9,049 shares in the last quarter. Finally, First Community Trust NA bought a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF in the third quarter worth $317,000.

About SPDR Nuveen ICE High Yield Municipal Bond ETF

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.