Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX – Get Free Report) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 5,325 shares. Based on an average daily trading volume, of 5,387 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.1% of the shares of the stock are short sold.
Nomura Tax-Free USA Short Term ETF Price Performance
NYSEARCA:STAX traded down $0.04 during trading hours on Friday, reaching $25.08. 2,069 shares of the company traded hands, compared to its average volume of 3,763. The firm’s 50-day moving average is $25.00 and its 200-day moving average is $25.36. Nomura Tax-Free USA Short Term ETF has a 1-year low of $24.66 and a 1-year high of $25.75.
Nomura Tax-Free USA Short Term ETF Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Friday, October 30th will be given a $0.0795 dividend. This is an increase from Nomura Tax-Free USA Short Term ETF’s previous monthly dividend of $0.0674. This represents a $0.95 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, October 30th.
About Nomura Tax-Free USA Short Term ETF
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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