SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Short Interest Down 13.3% in January

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 272,118 shares, a decrease of 13.3% from the December 31st total of 313,730 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,069,244 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 1,069,244 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are sold short.

SPDR Nuveen ICE Short Term Municipal Bond ETF Trading Down 0.0%

Shares of SHM traded down $0.01 during mid-day trading on Tuesday, reaching $48.22. The company’s stock had a trading volume of 19,859 shares, compared to its average volume of 626,608. SPDR Nuveen ICE Short Term Municipal Bond ETF has a 52 week low of $46.56 and a 52 week high of $48.51. The company’s fifty day moving average price is $48.06 and its two-hundred day moving average price is $48.10.

SPDR Nuveen ICE Short Term Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.1044 per share. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, February 2nd.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Total Investment Management Inc. purchased a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF during the 2nd quarter valued at about $27,000. Davis Capital Management purchased a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the third quarter valued at approximately $27,000. Cornerstone Planning Group LLC bought a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the third quarter worth approximately $28,000. Ameriflex Group Inc. grew its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 65.2% in the third quarter. Ameriflex Group Inc. now owns 884 shares of the company’s stock worth $43,000 after purchasing an additional 349 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 1,365.2% in the second quarter. Blue Trust Inc. now owns 967 shares of the company’s stock worth $46,000 after buying an additional 901 shares during the period. Hedge funds and other institutional investors own 99.65% of the company’s stock.

About SPDR Nuveen ICE Short Term Municipal Bond ETF

SPDR Nuveen Barclays Short Term Municipal Bond ETF (the Fund), formerly SPDR Nuveen Barclays Capital Short Term Municipal Bond ETF, correspond generally to the price and yield performance of the Barclays Capital Managed Money Municipal Short Term Index (the Index). The Fund uses a passive management strategy designed to track the Index. The Index tracks publicly traded municipal bonds that cover the United States dollar-denominated, short-term tax exempt bond market, including state and local general obligation bonds, revenue bonds, insured bonds and pre-refunded bonds.