SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Sees Unusually-High Trading Volume – Here’s Why

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) saw unusually-high trading volume on Tuesday . Approximately 3,628,291 shares traded hands during mid-day trading, an increase of 688% from the previous session’s volume of 460,448 shares.The stock last traded at $48.17 and had previously closed at $48.15.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance

The business has a 50 day moving average price of $47.97 and a two-hundred day moving average price of $48.05.

Hedge Funds Weigh In On SPDR Nuveen ICE Short Term Municipal Bond ETF

A number of hedge funds have recently modified their holdings of SHM. Flow Traders U.S. LLC bought a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the second quarter valued at approximately $1,697,000. Janney Montgomery Scott LLC lifted its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 6.4% during the second quarter. Janney Montgomery Scott LLC now owns 8,879 shares of the company’s stock valued at $425,000 after buying an additional 536 shares during the period. Blueprint Financial Advisors LLC purchased a new stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 2nd quarter worth about $989,000. Pure Portfolios Holdings LLC grew its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 12.9% in the 3rd quarter. Pure Portfolios Holdings LLC now owns 131,681 shares of the company’s stock worth $6,350,000 after buying an additional 15,095 shares during the period. Finally, AE Wealth Management LLC increased its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 35.6% in the 2nd quarter. AE Wealth Management LLC now owns 30,336 shares of the company’s stock worth $1,451,000 after acquiring an additional 7,969 shares in the last quarter. 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.