SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFI) Short Interest Update

SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFI) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 256,394 shares, a drop of 38.4% from the July 30th total of 415,892 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 653,648 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On SPDR Nuveen ICE Municipal Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advus Financial Partners LLC raised its position in shares of SPDR Nuveen ICE Municipal Bond ETF by 0.8% in the second quarter. Advus Financial Partners LLC now owns 43,631 shares of the company’s stock valued at $1,998,000 after purchasing an additional 345 shares during the period. Angeles Wealth Management LLC bought a new position in SPDR Nuveen ICE Municipal Bond ETF in the 2nd quarter valued at about $26,000. Legacy Wealth Managment LLC ID acquired a new stake in SPDR Nuveen ICE Municipal Bond ETF during the second quarter worth approximately $935,000. Concurrent Investment Advisors LLC boosted its holdings in shares of SPDR Nuveen ICE Municipal Bond ETF by 268.2% during the second quarter. Concurrent Investment Advisors LLC now owns 30,769 shares of the company’s stock worth $1,409,000 after acquiring an additional 22,412 shares during the period. Finally, Avant Capital LLC acquired a new position in shares of SPDR Nuveen ICE Municipal Bond ETF in the second quarter valued at approximately $423,000. 89.83% of the stock is owned by institutional investors.

SPDR Nuveen ICE Municipal Bond ETF Stock Performance

Shares of TFI opened at $44.70 on Monday. The company’s fifty day simple moving average is $45.23 and its 200 day simple moving average is $45.50. SPDR Nuveen ICE Municipal Bond ETF has a 1-year low of $44.40 and a 1-year high of $46.50.

About SPDR Nuveen ICE Municipal Bond ETF