SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Short Interest Up 156.2% in August

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) was the target of a significant increase in short interest during 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 volume of 283,851 shares, the short-interest ratio is currently 1.5 days. Approximately 0.6% of the shares of the company are sold short.

SPDR Nuveen ICE Short Term Municipal Bond ETF Trading Down 0.0%

Shares of SPDR Nuveen ICE Short Term Municipal Bond ETF stock traded down $0.02 during trading hours on Monday, hitting $47.29. 357,303 shares of the company’s stock traded hands, compared to its average volume of 283,273. SPDR Nuveen ICE Short Term Municipal Bond ETF has a 12-month low of $47.22 and a 12-month high of $48.51. The company has a fifty day simple moving average of $47.68 and a 200-day simple moving average of $47.84.

Institutional Trading of SPDR Nuveen ICE Short Term Municipal Bond ETF

A number of large investors have recently added to or reduced their stakes in SHM. Bank of America Corp DE raised its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% in the first quarter. Bank of America Corp DE now owns 21,326,865 shares of the company’s stock worth $1,020,064,000 after acquiring an additional 795,560 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 3.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,950,388 shares of the company’s stock worth $141,589,000 after purchasing an additional 109,552 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 9.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,732,033 shares of the company’s stock worth $82,843,000 after purchasing an additional 148,431 shares during the last quarter. Alaska Wealth Advisors LLC raised its holdings 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 during the period. Finally, Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 1.3% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 417,161 shares of the company’s stock worth $20,020,000 after purchasing an additional 5,434 shares during the period. Hedge funds and other institutional investors own 99.65% of the company’s stock.

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.