SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Short Interest Update

SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 231,309 shares, a decline of 13.8% from the March 15th total of 268,404 shares. Based on an average daily volume of 302,577 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the stock are short sold.

SPDR Nuveen ICE Short Term Municipal Bond ETF Price Performance

Shares of SPDR Nuveen ICE Short Term Municipal Bond ETF stock traded up $0.07 during trading on Friday, reaching $48.01. The company’s stock had a trading volume of 104,101 shares, compared to its average volume of 349,587. SPDR Nuveen ICE Short Term Municipal Bond ETF has a 52-week low of $46.96 and a 52-week high of $48.51. The firm’s 50-day moving average is $48.12 and its two-hundred day moving average is $48.08.

Institutional Investors Weigh In On SPDR Nuveen ICE Short Term Municipal Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SHM. Concurrent Investment Advisors LLC lifted its position in SPDR Nuveen ICE Short Term Municipal Bond ETF by 78.2% in the third quarter. Concurrent Investment Advisors LLC now owns 32,264 shares of the company’s stock valued at $1,556,000 after purchasing an additional 14,156 shares during the last quarter. Pure Portfolios Holdings LLC grew its holdings in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 12.9% in the third quarter. Pure Portfolios Holdings LLC now owns 131,681 shares of the company’s stock worth $6,350,000 after purchasing an additional 15,095 shares during the last quarter. Alaska Wealth Advisors increased its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 41.6% in the third quarter. Alaska Wealth Advisors now owns 376,498 shares of the company’s stock worth $18,155,000 after buying an additional 110,620 shares during the period. TruNorth Capital Management LLC increased its stake in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 7.1% in the third quarter. TruNorth Capital Management LLC now owns 160,818 shares of the company’s stock worth $7,755,000 after buying an additional 10,708 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC raised its holdings in SPDR Nuveen ICE Short Term Municipal Bond ETF by 5.8% during the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 1,635,215 shares of the company’s stock valued at $78,850,000 after buying an additional 90,144 shares during the last quarter. Institutional investors own 99.65% of the company’s stock.

About SPDR Nuveen ICE Short Term Municipal Bond ETF

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.