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

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,968,760 shares, an increase of 145.9% from the September 30th total of 1,207,422 shares. Based on an average daily trading volume, of 8,427,930 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.8% of the shares of the company are short sold.

Institutional Trading of SPDR Nuveen ICE High Yield Municipal Bond ETF

Several large investors have recently modified their holdings of HYMB. Bank of New York Mellon Corp lifted its holdings in SPDR Nuveen ICE High Yield Municipal Bond ETF by 16.8% in 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 acquiring an additional 185,966 shares during the period. Farther Finance Advisors LLC boosted its position in 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 purchasing an additional 50,707 shares during the last quarter. Morton Brown Family Wealth LLC grew its stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 23.2% during the 3rd quarter. Morton Brown Family Wealth LLC now owns 16,563 shares of the company’s stock valued at $389,000 after purchasing an additional 3,118 shares during the period. Farmers & Merchants Investments Inc. bought a new stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the 3rd quarter valued at about $92,000. Finally, First Community Trust NA bought a new stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the 3rd quarter valued at about $317,000.

SPDR Nuveen ICE High Yield Municipal Bond ETF Trading Up 0.7%

NYSEARCA:HYMB traded up $0.16 during trading hours on Friday, reaching $24.05. The company had a trading volume of 4,978,762 shares, compared to its average volume of 2,157,273. The firm’s 50 day moving average price is $23.96 and its 200-day moving average price is $24.81. SPDR Nuveen ICE High Yield Municipal Bond ETF has a 52 week low of $23.05 and a 52 week high of $25.49.

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.