HYMB Stock Summary and Trading Ideas (SPDR Nuveen Bloomberg High Yield Municipal Bond ETF | ARCA:HYMB)

The SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (the "Fund") seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the U.S. high yield municipal bond market and to provide income that is exempt from federal income taxes.The Bloomberg Municipal Yield Index is a market value-weighted and designed to measure the performance of U.S. dollar-denominated high-yield municipal bonds issued by U.S. states, the District of Columbia, U.S. territories and local governments or agencies. The Index includes fully tax-exempt investment grade, non-investment grade and non-rated bonds, but does not include defaulted securities.

SPDR Nuveen Bloomberg High Yield Municipal Bond ETF trades on the ARCA stock market under the symbol HYMB.

As of May 13, 2024, HYMB stock price was flat at $25.52 with 484,578 million shares trading.

HYMB has a beta of 0.31, meaning it tends to be less sensitive to market movements. HYMB has a correlation of 0.29 to the broad based SPY ETF.

HYMB has a market cap of $2.63 billion. This is considered a Mid Cap stock.

In the last 3 years, HYMB stock traded as high as $30.59 and as low as $22.95.

HYMB has underperformed the market in the last year with a price return of +6.5% while the SPY ETF gained +27.8%. HYMB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.1% and +1.9%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

HYMB support price is $25.45 and resistance is $25.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HYMB stock will trade within this expected range on the day.