Short Interest in SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFI) Grows By 50.5%

SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFI) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 415,892 shares, an increase of 50.5% from the July 15th total of 276,270 shares. Based on an average trading volume of 563,492 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.6% of the shares of the stock are sold short.

SPDR Nuveen ICE Municipal Bond ETF Stock Up 0.4%

TFI stock traded up $0.17 during mid-day trading on Wednesday, hitting $45.01. The company had a trading volume of 84,140 shares, compared to its average volume of 471,235. SPDR Nuveen ICE Municipal Bond ETF has a 12-month low of $44.40 and a 12-month high of $46.50. The company has a 50-day moving average price of $45.35 and a 200 day moving average price of $45.56.

Institutional Investors Weigh In On SPDR Nuveen ICE Municipal Bond ETF

A number of hedge funds have recently made changes to their positions in TFI. Capital Investment Management Inc. increased its stake in SPDR Nuveen ICE Municipal Bond ETF by 20.0% in the 2nd quarter. Capital Investment Management Inc. now owns 109,860 shares of the company’s stock worth $5,032,000 after acquiring an additional 18,297 shares during the last quarter. Mainsail Financial Group LLC purchased a new stake in shares of SPDR Nuveen ICE Municipal Bond ETF during the 2nd quarter worth approximately $471,000. B. Riley Wealth Advisors Inc. bought a new position in shares of SPDR Nuveen ICE Municipal Bond ETF during the 2nd quarter valued at approximately $349,000. Revolve Wealth Partners LLC boosted its position in shares of SPDR Nuveen ICE Municipal Bond ETF by 2.1% during the 2nd quarter. Revolve Wealth Partners LLC now owns 449,303 shares of the company’s stock valued at $20,578,000 after acquiring an additional 9,308 shares during the last quarter. Finally, Sax Wealth Advisors LLC grew its holdings in shares of SPDR Nuveen ICE Municipal Bond ETF by 53.7% in the second quarter. Sax Wealth Advisors LLC now owns 47,630 shares of the company’s stock valued at $2,160,000 after purchasing an additional 16,631 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Nuveen ICE Municipal Bond ETF Company Profile