Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX – Get Free Report) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 252 shares, a drop of 96.8% from the July 15th total of 7,782 shares. Based on an average daily volume of 1,918 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.
Nomura Tax-Free USA Short Term ETF Stock Performance
STAX remained flat at $25.24 during trading on Wednesday. The company had a trading volume of 68,368 shares, compared to its average volume of 3,657. The company has a 50-day moving average of $25.41 and a 200-day moving average of $25.48. Nomura Tax-Free USA Short Term ETF has a 1 year low of $25.09 and a 1 year high of $25.75.
Institutional Investors Weigh In On Nomura Tax-Free USA Short Term ETF
A hedge fund recently raised its stake in Nomura Tax-Free USA Short Term ETF stock. Jane Street Group LLC boosted its position in shares of Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX – Free Report) by 385.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,224 shares of the company’s stock after purchasing an additional 39,878 shares during the period. Jane Street Group LLC owned 25.11% of Nomura Tax-Free USA Short Term ETF worth $1,269,000 at the end of the most recent reporting period.
Nomura Tax-Free USA Short Term ETF Company Profile
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.
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