Short Interest in SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Increases By 58.3%

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 822,984 shares, an increase of 58.3% from the May 14th total of 519,919 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 1,074,155 shares, the days-to-cover ratio is currently 0.8 days.

SPDR Nuveen ICE High Yield Municipal Bond ETF Price Performance

Shares of NYSEARCA:HYMB traded up $0.05 during trading on Tuesday, hitting $25.25. 533,645 shares of the stock traded hands, compared to its average volume of 1,089,363. The company has a fifty day moving average price of $25.09 and a two-hundred day moving average price of $25.07. SPDR Nuveen ICE High Yield Municipal Bond ETF has a 52-week low of $24.03 and a 52-week high of $25.49.

Hedge Funds Weigh In On SPDR Nuveen ICE High Yield Municipal Bond ETF

Several institutional investors have recently made changes to their positions in the company. RMG Wealth Management LLC purchased a new position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the 1st quarter valued at approximately $215,000. Bank of New York Mellon Corp boosted its stake in SPDR Nuveen ICE High Yield Municipal Bond ETF by 16.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,294,400 shares of the company’s stock worth $32,101,000 after purchasing an additional 185,966 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF during the 1st quarter worth $122,000. Arkadios Wealth Advisors boosted its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 13.7% during the 4th quarter. Arkadios Wealth Advisors now owns 19,877 shares of the company’s stock valued at $496,000 after acquiring an additional 2,398 shares during the last quarter. Finally, IMA Advisory Services Inc. boosted its position 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 valued at $198,000 after acquiring an additional 1,211 shares during the last quarter.

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.