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

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 431,784 shares, an increase of 156.2% from the August 15th total of 168,548 shares. Based on an average daily volume of 283,851 shares, the short-interest ratio is currently 1.5 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kingdom Financial Group LLC. acquired a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF in the fourth quarter valued at $56,000. Integrity Financial Corp WA acquired a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF during the fourth quarter worth about $74,000. SHP Wealth Management acquired a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF during the fourth quarter worth about $85,000. Blue Trust Inc. raised its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 117.4% in the 1st quarter. Blue Trust Inc. now owns 2,146 shares of the company’s stock worth $103,000 after purchasing an additional 1,159 shares during the period. Finally, Western Wealth Management LLC purchased a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 1st quarter worth about $108,000. 99.65% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance

Shares of NYSEARCA SHM traded down $0.02 during trading on Tuesday, reaching $47.27. The company had a trading volume of 24,038 shares, compared to its average volume of 281,712. SPDR Nuveen ICE Short Term Municipal Bond ETF has a twelve month low of $47.22 and a twelve month high of $48.51. The stock has a 50-day moving average price of $47.67 and a two-hundred day moving average price of $47.83.

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.