Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) Sees Large Drop in Short Interest

Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 7,296 shares, a drop of 78.3% from the July 15th total of 33,619 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 78,577 shares, the days-to-cover ratio is currently 0.1 days.

Hartford Municipal Opportunities ETF Price Performance

HMOP stock traded down $0.02 during trading on Thursday, reaching $38.79. 58,607 shares of the stock traded hands, compared to its average volume of 73,380. The business’s 50 day moving average price is $38.98 and its 200-day moving average price is $39.14. Hartford Municipal Opportunities ETF has a 52-week low of $38.13 and a 52-week high of $39.91.

Institutional Trading of Hartford Municipal Opportunities ETF

A number of institutional investors have recently modified their holdings of the company. Legacy Wealth Management LLC increased its position in Hartford Municipal Opportunities ETF by 2.3% during the 2nd quarter. Legacy Wealth Management LLC now owns 617,517 shares of the company’s stock worth $24,173,000 after purchasing an additional 14,050 shares in the last quarter. Thrive Wealth Management LLC lifted its position in Hartford Municipal Opportunities ETF by 27.1% during the second quarter. Thrive Wealth Management LLC now owns 55,560 shares of the company’s stock valued at $2,175,000 after buying an additional 11,854 shares in the last quarter. GAMMA Investing LLC lifted its position in Hartford Municipal Opportunities ETF by 13.6% during the second quarter. GAMMA Investing LLC now owns 67,639 shares of the company’s stock valued at $2,648,000 after buying an additional 8,078 shares in the last quarter. NewEdge Advisors LLC lifted its position in Hartford Municipal Opportunities ETF by 56.2% during the first quarter. NewEdge Advisors LLC now owns 87,750 shares of the company’s stock valued at $3,399,000 after buying an additional 31,590 shares in the last quarter. Finally, Verus Capital Partners LLC grew its stake in Hartford Municipal Opportunities ETF by 15.6% during the first quarter. Verus Capital Partners LLC now owns 142,450 shares of the company’s stock worth $5,519,000 after buying an additional 19,172 shares during the period.

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.