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

Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 20,757 shares, a growth of 14,215.2% from the May 31st total of 145 shares. Currently, 8.3% of the shares of the company are sold short. Based on an average daily volume of 29,203 shares, the short-interest ratio is currently 0.7 days.

Nomura Tax-Free USA Short Term ETF Price Performance

STAX traded down $0.01 during midday trading on Thursday, hitting $25.47. 806 shares of the company were exchanged, compared to its average volume of 3,268. The company’s 50 day simple moving average is $25.43 and its 200 day simple moving average is $25.51. Nomura Tax-Free USA Short Term ETF has a 1-year low of $25.29 and a 1-year high of $25.75.

Institutional Trading of Nomura Tax-Free USA Short Term ETF

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

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.