Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) Sees Large Decline in Short Interest

Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 145 shares, a drop of 71.1% from the May 14th total of 502 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 791 shares, the short-interest ratio is presently 0.2 days.

Nomura Tax-Free USA Short Term ETF Trading Up 0.0%

Nomura Tax-Free USA Short Term ETF stock traded up $0.01 during midday trading on Friday, reaching $25.48. 17,589 shares of the company’s stock were exchanged, compared to its average volume of 3,290. Nomura Tax-Free USA Short Term ETF has a 52 week low of $25.26 and a 52 week high of $25.75. The stock’s 50-day simple moving average is $25.43 and its 200 day simple moving average is $25.51.

Hedge Funds 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 lifted its stake in Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) by 385.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,224 shares of the company’s stock after buying an additional 39,878 shares during the period. Jane Street Group LLC owned approximately 25.11% of Nomura Tax-Free USA Short Term ETF worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission.

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.