SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFI) Sees Significant Decrease in Short Interest

SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFI) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 217,324 shares, a drop of 70.3% from the September 30th total of 731,738 shares. Based on an average daily trading volume, of 1,747,589 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On SPDR Nuveen ICE Municipal Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. CFS Investment Advisory Services LLC grew its holdings in SPDR Nuveen ICE Municipal Bond ETF by 0.6% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 42,892 shares of the company’s stock valued at $1,833,000 after buying an additional 273 shares during the last quarter. Sowell Financial Services LLC lifted its holdings in shares of SPDR Nuveen ICE Municipal Bond ETF by 1.9% during the third quarter. Sowell Financial Services LLC now owns 14,457 shares of the company’s stock worth $618,000 after buying an additional 276 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of SPDR Nuveen ICE Municipal Bond ETF by 0.4% in the third quarter. Versant Capital Management Inc now owns 74,253 shares of the company’s stock valued at $3,176,000 after acquiring an additional 289 shares during the period. Rare Wolf Capital LLC boosted its position in shares of SPDR Nuveen ICE Municipal Bond ETF by 6.1% in the third quarter. Rare Wolf Capital LLC now owns 5,801 shares of the company’s stock valued at $248,000 after acquiring an additional 334 shares during the period. Finally, Advus Financial Partners LLC boosted its position in shares of SPDR Nuveen ICE Municipal Bond ETF by 0.8% in the second quarter. Advus Financial Partners LLC now owns 43,631 shares of the company’s stock valued at $1,998,000 after acquiring an additional 345 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

SPDR Nuveen ICE Municipal Bond ETF Stock Performance

NYSEARCA:TFI opened at $43.98 on Wednesday. SPDR Nuveen ICE Municipal Bond ETF has a 1 year low of $42.34 and a 1 year high of $46.50. The firm’s fifty day simple moving average is $43.66 and its 200 day simple moving average is $45.12.

SPDR Nuveen ICE Municipal Bond ETF Company Profile