Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) Sees Large Decline in Short Interest

Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 9,384 shares, a drop of 54.8% from the June 15th total of 20,757 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily volume of 3,260 shares, the short-interest ratio is presently 2.9 days.

Nomura Tax-Free USA Short Term ETF Stock Up 0.1%

NYSEARCA STAX traded up $0.02 during trading on Tuesday, reaching $25.44. 419 shares of the company traded hands, compared to its average volume of 3,312. The stock’s 50 day moving average price is $25.42 and its two-hundred day moving average price is $25.51. Nomura Tax-Free USA Short Term ETF has a 1-year low of $25.33 and a 1-year high of $25.75.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Nomura Tax-Free USA Short Term ETF stock. Jane Street Group LLC grew its position in Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) by 385.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,224 shares of the company’s stock after purchasing an additional 39,878 shares during the period. Jane Street Group LLC owned about 25.11% of Nomura Tax-Free USA Short Term ETF worth $1,269,000 as of its most recent filing with the SEC.

About Nomura Tax-Free USA Short Term ETF

The Macquarie Tax-Free USA Short Term ETF (STAX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in municipal securities exempt from federal income taxes. It will hold short-term, investment grade and high yield Muni bonds issued in the US with effective maturity of between 1 and 5 years. STAX was launched on Nov 28, 2023 and is issued by Macquarie.