Short Interest in SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) Drops By 95.0%

SPDR Nuveen ICE High Yield Municipal Bond ETF (NYSEARCA:HYMB) was the recipient of a large drop in short interest in the month of 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. 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 sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,002,606 shares, the days-to-cover ratio is presently 0.1 days.

SPDR Nuveen ICE High Yield Municipal Bond ETF Stock Performance

Shares of NYSEARCA HYMB traded up $0.07 during midday trading on Tuesday, hitting $25.19. The stock had a trading volume of 672,146 shares, compared to its average volume of 1,219,013. The stock has a 50 day simple moving average of $25.04 and a 200-day simple moving average of $24.87. SPDR Nuveen ICE High Yield Municipal Bond ETF has a 1 year low of $23.51 and a 1 year high of $26.06.

SPDR Nuveen ICE High Yield Municipal Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On SPDR Nuveen ICE High Yield Municipal Bond ETF

A number of hedge funds have recently made changes to their positions in HYMB. FSA Advisors Inc. acquired a new stake in SPDR Nuveen ICE High Yield Municipal Bond ETF during the 2nd quarter worth approximately $303,000. Arkadios Wealth Advisors purchased a new stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the 2nd quarter worth approximately $307,000. Bank of New York Mellon Corp lifted its position in SPDR Nuveen ICE High Yield Municipal Bond ETF by 12.2% in the second quarter. Bank of New York Mellon Corp now owns 836,993 shares of the company’s stock valued at $20,741,000 after acquiring an additional 90,932 shares during the last quarter. Diversified Portfolios Inc. purchased a new stake in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF in the 2nd quarter valued at about $2,020,000. Finally, Jaffetilchin Investment Partners LLC purchased a new position in shares of SPDR Nuveen ICE High Yield Municipal Bond ETF during the second quarter worth approximately $280,000.

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.