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

by · The Markets Daily

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 431,784 shares, a growth of 156.2% from the August 15th total of 168,548 shares. Based on an average trading volume of 283,851 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Trading of SPDR Nuveen ICE Short Term Municipal Bond ETF

Several institutional investors have recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC lifted its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 82.1% during the first quarter. Kestra Private Wealth Services LLC now owns 50,058 shares of the company’s stock valued at $2,394,000 after purchasing an additional 22,564 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 15.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 146,766 shares of the company’s stock valued at $7,043,000 after purchasing an additional 19,754 shares during the last quarter. Wakefield Asset Management LLLP bought a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF during the fourth quarter valued at approximately $622,000. PNC Financial Services Group Inc. grew its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 1.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,583,602 shares of the company’s stock worth $75,997,000 after purchasing an additional 18,733 shares during the period. Finally, Alaska Wealth Advisors LLC raised its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 15.1% during the 1st quarter. Alaska Wealth Advisors LLC now owns 467,214 shares of the company’s stock valued at $22,347,000 after buying an additional 61,317 shares during the last quarter. 99.65% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance

Shares of SHM stock opened at $47.31 on Friday. SPDR Nuveen ICE Short Term Municipal Bond ETF has a one year low of $47.22 and a one year high of $48.51. The company’s 50-day moving average is $47.68 and its 200 day moving average is $47.85.

About SPDR Nuveen ICE Short Term Municipal Bond ETF

(Get Free Report)

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.

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