Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) Stock Short Interest Report for October

Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 5,325 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average daily volume of 5,387 shares, the days-to-cover ratio is presently 1.0 days.

Nomura Tax-Free USA Short Term ETF Price Performance

Shares of STAX stock traded down $0.04 on Friday, hitting $25.08. The stock had a trading volume of 2,069 shares, compared to its average volume of 3,763. Nomura Tax-Free USA Short Term ETF has a 52-week low of $24.66 and a 52-week high of $25.75. The stock’s 50 day moving average is $25.00 and its 200-day moving average is $25.36.

Nomura Tax-Free USA Short Term ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Friday, October 30th will be paid a $0.0795 dividend. The ex-dividend date is Friday, October 30th. This is an increase from Nomura Tax-Free USA Short Term ETF’s previous monthly dividend of $0.0674. This represents a $0.95 dividend on an annualized basis and a yield of 3.8%.

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.