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

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HMOP. Fifth Third Securities Inc. boosted its holdings in 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 buying an additional 307 shares during the last quarter. OneAscent Financial Services LLC grew its position 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 worth $1,051,000 after buying an additional 545 shares during the period. HB Wealth Management LLC increased its stake 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 acquiring an additional 581 shares during the last quarter. Cornerstone Wealth Management LLC increased its stake 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 acquiring an additional 1,577 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its stake in shares of Hartford Municipal Opportunities ETF by 1.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 190,956 shares of the company’s stock valued at $7,060,000 after acquiring an additional 1,908 shares during the last quarter.

Hartford Municipal Opportunities ETF Price Performance

Hartford Municipal Opportunities ETF stock traded down $0.11 on Tuesday, reaching $38.28. The company’s stock had a trading volume of 259,286 shares, compared to its average volume of 145,403. The business’s fifty day moving average price is $37.65 and its 200 day moving average price is $38.73. Hartford Municipal Opportunities ETF has a twelve month low of $36.57 and a twelve month high of $39.91.

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.