Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) Stock Short Interest Climbs 1,037.7%

Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) was the recipient of 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. Approximately 3.3% of the company’s stock are sold short. Based on an average trading volume of 484,025 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in Hartford Municipal Opportunities ETF by 5.2% in the first quarter. Bank of America Corp DE now owns 1,083,043 shares of the company’s stock worth $41,957,000 after purchasing an additional 53,064 shares in the last quarter. Avantax Planning Partners Inc. lifted its position in shares of Hartford Municipal Opportunities ETF by 217.3% in the third quarter. Avantax Planning Partners Inc. now owns 896,816 shares of the company’s stock worth $33,048,000 after buying an additional 614,188 shares during the last quarter. Apollon Wealth Management LLC lifted its position in shares of Hartford Municipal Opportunities ETF by 21.4% in the third quarter. Apollon Wealth Management LLC now owns 697,712 shares of the company’s stock worth $25,711,000 after buying an additional 122,965 shares during the last quarter. Legacy Wealth Management LLC boosted its stake in shares of 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 acquiring an additional 14,050 shares in the last quarter. Finally, Goldstein Advisors LLC boosted its stake in shares of Hartford Municipal Opportunities ETF by 1.4% during the 3rd quarter. Goldstein Advisors LLC now owns 553,698 shares of the company’s stock worth $20,404,000 after acquiring an additional 7,416 shares in the last quarter.

Hartford Municipal Opportunities ETF Price Performance

NYSEARCA HMOP traded down $0.21 during trading on Thursday, reaching $38.13. The company’s stock had a trading volume of 276,079 shares, compared to its average volume of 146,170. The business has a 50-day moving average price of $37.65 and a 200-day moving average price of $38.73. Hartford Municipal Opportunities ETF has a 1-year low of $36.57 and a 1-year 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.