SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Sees Significant Decline in Short Interest

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 93,438 shares, a drop of 95.0% from the January 15th total of 1,879,506 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 1,002,606 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 1,002,606 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

SPDR Nuveen ICE High Yield Municipal Bond ETF Price Performance

Shares of HYMB stock traded up $0.12 during trading hours on Thursday, reaching $25.23. 378,243 shares of the company were exchanged, compared to its average volume of 1,165,788. SPDR Nuveen ICE High Yield Municipal Bond ETF has a fifty-two week low of $23.51 and a fifty-two week high of $26.06. The stock’s fifty day moving average is $25.05 and its two-hundred day moving average is $24.88.

SPDR Nuveen ICE High Yield Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a $0.0955 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, February 2nd.

Institutional Investors Weigh In On SPDR Nuveen ICE High Yield Municipal Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. IMA Advisory Services Inc. increased its position in SPDR Nuveen ICE High Yield Municipal Bond ETF by 18.0% in the fourth quarter. IMA Advisory Services Inc. now owns 7,921 shares of the company’s stock worth $198,000 after purchasing an additional 1,211 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 14.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,108,434 shares of the company’s stock valued at $27,644,000 after purchasing an additional 141,292 shares during the last quarter. Basepoint Wealth LLC acquired a new stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the 4th quarter worth approximately $114,000. Diversified Portfolios Inc. grew its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 40.1% during the 4th quarter. Diversified Portfolios Inc. now owns 102,370 shares of the company’s stock worth $2,553,000 after buying an additional 29,316 shares during the period. Finally, Elyxium Wealth LLC raised its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 46.8% during the fourth quarter. Elyxium Wealth LLC now owns 20,782 shares of the company’s stock worth $518,000 after buying an additional 6,624 shares during the last quarter.

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.