SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 431,784 shares, an increase of 156.2% from the August 15th total of 168,548 shares. Based on an average daily trading volume, of 283,851 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.6% of the company’s shares are short sold.
SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance
SHM opened at $47.31 on Friday. The stock’s 50 day moving average price is $47.68 and its 200-day moving average price is $47.85. SPDR Nuveen ICE Short Term Municipal Bond ETF has a 52-week low of $47.22 and a 52-week high of $48.51.
Institutional Investors Weigh In On SPDR Nuveen ICE Short Term Municipal Bond ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Private Wealth Services LLC increased its stake 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. Cullen Frost Bankers Inc. grew its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 15.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 146,766 shares of the company’s stock worth $7,043,000 after purchasing an additional 19,754 shares during the period. Wakefield Asset Management LLLP bought a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the fourth quarter valued at approximately $622,000. PNC Financial Services Group Inc. lifted its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 1.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,583,602 shares of the company’s stock valued at $75,997,000 after purchasing an additional 18,733 shares during the last quarter. Finally, Alaska Wealth Advisors LLC boosted its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 15.1% in the 1st quarter. Alaska Wealth Advisors LLC now owns 467,214 shares of the company’s stock worth $22,347,000 after purchasing an additional 61,317 shares in the last quarter. 99.65% of the stock is owned by hedge funds and other institutional investors.
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.
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