Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) Short Interest Down 54.8% in June

Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 9,384 shares, a decline of 54.8% from the June 15th total of 20,757 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily volume of 3,260 shares, the days-to-cover ratio is presently 2.9 days.

Hedge Funds Weigh In On Nomura Tax-Free USA Short Term ETF

An institutional investor recently raised its stake in Nomura Tax-Free USA Short Term ETF stock. Jane Street Group LLC boosted its position in Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) by 385.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,224 shares of the company’s stock after purchasing an additional 39,878 shares during the period. Jane Street Group LLC owned approximately 25.11% of Nomura Tax-Free USA Short Term ETF worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Nomura Tax-Free USA Short Term ETF Price Performance

STAX remained flat at $25.42 during trading on Thursday. The company had a trading volume of 1,834 shares, compared to its average volume of 3,333. The business’s 50 day moving average is $25.42 and its 200 day moving average is $25.51. Nomura Tax-Free USA Short Term ETF has a 12 month low of $25.33 and a 12 month 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.