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

Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 9,384 shares, a decline of 54.8% from the June 15th total of 20,757 shares. Based on an average daily volume of 3,260 shares, the short-interest ratio is presently 2.9 days. Approximately 1.9% of the shares of the company are short sold.

Nomura Tax-Free USA Short Term ETF Stock Performance

STAX traded up $0.02 during midday trading on Tuesday, reaching $25.44. The company’s stock had a trading volume of 419 shares, compared to its average volume of 3,312. The company has a fifty day simple moving average of $25.42 and a 200 day simple moving average of $25.51. Nomura Tax-Free USA Short Term ETF has a twelve month low of $25.33 and a twelve month high of $25.75.

Institutional Investors Weigh In On 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 grew its stake in Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) by 385.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,224 shares of the company’s stock after purchasing an additional 39,878 shares during the period. Jane Street Group LLC owned about 25.11% of Nomura Tax-Free USA Short Term ETF worth $1,269,000 as of its most recent SEC filing.

Nomura Tax-Free USA Short Term ETF Company Profile

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.