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

Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) saw a large decline in short interest in 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 stock are sold short. Based on an average daily trading volume, of 791 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On 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 lifted its stake in shares of 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. The fund owned 50,224 shares of the company’s stock after purchasing 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 as of its most recent filing with the Securities and Exchange Commission.

Nomura Tax-Free USA Short Term ETF Price Performance

Shares of NYSEARCA:STAX traded up $0.03 during midday trading on Thursday, hitting $25.45. The stock had a trading volume of 127 shares, compared to its average volume of 3,158. The company’s 50-day moving average price is $25.42 and its 200-day moving average price is $25.51. Nomura Tax-Free USA Short Term ETF has a fifty-two week low of $25.26 and a fifty-two week high of $25.75.

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.