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

Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 20,757 shares, a growth of 14,215.2% from the May 31st total of 145 shares. Approximately 8.3% of the shares of the company are sold short. Based on an average daily volume of 29,203 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Nomura Tax-Free USA Short Term ETF stock. Jane Street Group LLC raised its position in Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) by 385.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,224 shares of the company’s stock after buying 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 at the end of the most recent quarter.

Nomura Tax-Free USA Short Term ETF Price Performance

Shares of NYSEARCA:STAX traded down $0.01 during trading on Thursday, hitting $25.47. 806 shares of the stock traded hands, compared to its average volume of 3,268. The company has a fifty day moving average price of $25.43 and a two-hundred day moving average price of $25.51. Nomura Tax-Free USA Short Term ETF has a 52-week low of $25.29 and a 52-week high of $25.75.

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.