SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFI) Short Interest Down 38.4% in August

SPDR Nuveen ICE Municipal Bond ETF (NYSEARCA:TFI) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 256,394 shares, a decline of 38.4% from the July 30th total of 415,892 shares. Based on an average trading volume of 653,648 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Investors Weigh In On SPDR Nuveen ICE Municipal Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in shares of SPDR Nuveen ICE Municipal Bond ETF by 20.5% during the 1st quarter. Bank of America Corp DE now owns 8,536,414 shares of the company’s stock valued at $387,041,000 after acquiring an additional 1,454,324 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of SPDR Nuveen ICE Municipal Bond ETF during the third quarter worth $39,646,000. IHT Wealth Management LLC raised its holdings in shares of SPDR Nuveen ICE Municipal Bond ETF by 2,786.6% during the fourth quarter. IHT Wealth Management LLC now owns 742,063 shares of the company’s stock worth $33,920,000 after acquiring an additional 716,356 shares in the last quarter. OpenArc Corporate Advisory LLC purchased a new stake in shares of SPDR Nuveen ICE Municipal Bond ETF during the fourth quarter worth $22,000,000. Finally, Raymond James Financial Inc. boosted its position in SPDR Nuveen ICE Municipal Bond ETF by 72.3% during the second quarter. Raymond James Financial Inc. now owns 884,984 shares of the company’s stock valued at $39,532,000 after purchasing an additional 371,228 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

SPDR Nuveen ICE Municipal Bond ETF Price Performance

Shares of NYSEARCA TFI traded down $0.35 during mid-day trading on Tuesday, reaching $44.31. The company had a trading volume of 977,504 shares, compared to its average volume of 483,296. The stock has a fifty day moving average of $45.19 and a two-hundred day moving average of $45.48. SPDR Nuveen ICE Municipal Bond ETF has a 12-month low of $44.25 and a 12-month high of $46.50.

About SPDR Nuveen ICE Municipal Bond ETF