SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Stock Short Interest Declines 88.5%

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 342,685 shares, a drop of 88.5% from the October 15th total of 2,968,760 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 5,217,198 shares, the short-interest ratio is currently 0.1 days.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC raised its holdings in SPDR Nuveen ICE High Yield Municipal Bond ETF by 0.8% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 360,314 shares of the company’s stock valued at $8,457,000 after acquiring an additional 2,831 shares in the last quarter. Morton Brown Family Wealth LLC lifted its position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 23.2% in the 3rd quarter. Morton Brown Family Wealth LLC now owns 16,563 shares of the company’s stock worth $389,000 after acquiring 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 in the 3rd quarter worth approximately $92,000. RMG Wealth Management LLC acquired a new stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the 1st quarter worth approximately $215,000. Finally, Confluence Investment Management LLC grew its holdings in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF by 73.5% during the 3rd quarter. Confluence Investment Management LLC now owns 21,363 shares of the company’s stock worth $501,000 after purchasing an additional 9,049 shares in the last quarter.

SPDR Nuveen ICE High Yield Municipal Bond ETF Stock Performance

Shares of NYSEARCA:HYMB traded down $0.28 on Thursday, hitting $24.05. 2,905,986 shares of the company were exchanged, compared to its average volume of 2,242,226. The company’s 50 day moving average price is $23.87 and its two-hundred day moving average price is $24.77. SPDR Nuveen ICE High Yield Municipal Bond ETF has a one year low of $23.05 and a one year high of $25.49.

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.