Short Interest in Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) Declines By 71.1%

Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 145 shares, a decline of 71.1% from the May 14th total of 502 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 791 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Nomura Tax-Free USA Short Term ETF

A hedge fund recently raised its stake 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% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 approximately 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 Stock Up 0.0%

NYSEARCA:STAX traded up $0.01 during trading hours on Friday, hitting $25.48. 17,589 shares of the company were exchanged, compared to its average volume of 3,290. Nomura Tax-Free USA Short Term ETF has a 52-week low of $25.26 and a 52-week high of $25.75. The company’s 50 day moving average price is $25.43 and its 200-day moving average price is $25.51.

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.