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

Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 252 shares, a drop of 96.8% from the July 15th total of 7,782 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 1,918 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Nomura Tax-Free USA Short Term ETF

An institutional investor recently raised its stake in Nomura Tax-Free USA Short Term ETF stock. Jane Street Group LLC boosted its stake in Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) by 385.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,224 shares of the company’s stock after buying an additional 39,878 shares during the quarter. Jane Street Group LLC owned approximately 25.11% of Nomura Tax-Free USA Short Term ETF worth $1,269,000 at the end of the most recent quarter.

Nomura Tax-Free USA Short Term ETF Stock Down 0.4%

NYSEARCA STAX traded down $0.11 during trading on Tuesday, reaching $25.24. 68,368 shares of the company traded hands, compared to its average volume of 3,657. The stock’s 50 day moving average price is $25.41 and its two-hundred day moving average price is $25.48. Nomura Tax-Free USA Short Term ETF has a 1-year low of $25.09 and a 1-year high of $25.75.

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.