SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB)

Market Cap: 2.7B

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

41% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 32

4% more funds holding

Funds holding: 323 [Q4 2023] → 336 (+13) [Q1 2024]

3% more capital invested

Capital invested by funds: $2.05B [Q4 2023] → $2.12B (+$67.5M) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 7 [Q4 2023] → 7 (+0) [Q1 2024]

4.86% less ownership

Funds ownership: 82.34% [Q4 2023] → 77.48% (-4.86%) [Q1 2024]

11% less repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 129

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $200K