Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) Sees Significant Decline in Short Interest

Hartford Municipal Opportunities ETF (NYSEARCA:HMOP) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 417 shares, a drop of 98.6% from the August 31st total of 28,852 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 182,788 shares, the short-interest ratio is presently 0.0 days.

Hartford Municipal Opportunities ETF Price Performance

Shares of HMOP traded down $0.17 during midday trading on Friday, hitting $37.10. The company had a trading volume of 215,768 shares, compared to its average volume of 92,009. The company’s 50 day moving average price is $38.36 and its 200 day moving average price is $38.82. Hartford Municipal Opportunities ETF has a 52 week low of $37.00 and a 52 week high of $39.91.

Hedge Funds Weigh In On Hartford Municipal Opportunities ETF

A number of hedge funds have recently bought and sold shares of HMOP. Envestnet Asset Management Inc. raised its stake in Hartford Municipal Opportunities ETF by 34.9% during the second quarter. Envestnet Asset Management Inc. now owns 65,989 shares of the company’s stock valued at $2,583,000 after buying an additional 17,080 shares in the last quarter. XY Planning Network Inc. acquired a new position in shares of Hartford Municipal Opportunities ETF in the 2nd quarter worth approximately $246,000. Citadel Advisors LLC grew its position in shares of Hartford Municipal Opportunities ETF by 20.3% in the 2nd quarter. Citadel Advisors LLC now owns 34,894 shares of the company’s stock worth $1,366,000 after acquiring an additional 5,882 shares in the last quarter. Legacy Wealth Management LLC grew its position in shares of Hartford Municipal Opportunities ETF by 2.3% in 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, Thrive Wealth Management LLC increased its holdings in shares of Hartford Municipal Opportunities ETF by 27.1% in the 2nd quarter. Thrive Wealth Management LLC now owns 55,560 shares of the company’s stock valued at $2,175,000 after acquiring an additional 11,854 shares during the last quarter.

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.