SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Short Interest Down 13.8% in March

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 231,309 shares, a decline of 13.8% from the March 15th total of 268,404 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 302,577 shares, the days-to-cover ratio is currently 0.8 days.

SPDR Nuveen ICE Short Term Municipal Bond ETF Trading Up 0.1%

Shares of SHM traded up $0.05 during midday trading on Friday, reaching $47.99. 163,302 shares of the company were exchanged, compared to its average volume of 351,011. The stock has a 50-day moving average price of $48.11 and a 200-day moving average price of $48.07. SPDR Nuveen ICE Short Term Municipal Bond ETF has a 1-year low of $46.96 and a 1-year high of $48.51.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SHM. Prairiewood Capital LLC raised its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 1.3% during the first quarter. Prairiewood Capital LLC now owns 18,457 shares of the company’s stock valued at $883,000 after buying an additional 230 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in SPDR Nuveen ICE Short Term Municipal Bond ETF by 2.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 74,514 shares of the company’s stock valued at $3,576,000 after buying an additional 1,702 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 131.1% during the 4th quarter. Corient Private Wealth LLC now owns 15,356 shares of the company’s stock worth $737,000 after purchasing an additional 8,712 shares during the period. SHP Wealth Management acquired a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the 4th quarter worth approximately $85,000. Finally, Rare Wolf Capital LLC acquired a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the 4th quarter worth approximately $370,000. Institutional investors and hedge funds own 99.65% of the company’s stock.

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.