SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Stock Short Interest Drops 48.7%

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 221,578 shares, a drop of 48.7% from the August 31st total of 431,784 shares. Based on an average daily trading volume, of 273,275 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the company’s shares are short sold.

SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance

Shares of SHM stock traded up $0.23 during trading hours on Wednesday, reaching $46.65. The company’s stock had a trading volume of 747,275 shares, compared to its average volume of 298,774. SPDR Nuveen ICE Short Term Municipal Bond ETF has a one year low of $46.33 and a one year high of $48.48. The firm’s fifty day simple moving average is $47.47 and its 200 day simple moving average is $47.73.

Institutional Trading of SPDR Nuveen ICE Short Term Municipal Bond ETF

Several large investors have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC raised its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 82.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 50,058 shares of the company’s stock worth $2,394,000 after acquiring an additional 22,564 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 40.2% during the first quarter. Kestra Advisory Services LLC now owns 57,581 shares of the company’s stock valued at $2,754,000 after purchasing an additional 16,506 shares in the last quarter. Alaska Wealth Advisors LLC boosted its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 15.1% during the first quarter. Alaska Wealth Advisors LLC now owns 467,214 shares of the company’s stock valued at $22,347,000 after purchasing an additional 61,317 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 568.2% in the first quarter. Janney Montgomery Scott LLC now owns 70,349 shares of the company’s stock worth $3,365,000 after purchasing an additional 59,821 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,732,033 shares of the company’s stock worth $82,843,000 after purchasing an additional 148,431 shares during the period. Institutional investors own 99.65% of the company’s stock.

SPDR Nuveen ICE Short Term Municipal Bond ETF Company Profile

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.