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

Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAXGet Free Report) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 353 shares, a growth of 2,615.4% from the April 15th total of 13 shares. Based on an average daily volume of 1,949 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

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:STAXFree Report) 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 Performance

Nomura Tax-Free USA Short Term ETF stock remained flat at $25.40 during trading hours on Wednesday. 1,016 shares of the company’s stock were exchanged, compared to its average volume of 516. The stock has a 50 day moving average of $25.49 and a 200 day moving average of $25.52. Nomura Tax-Free USA Short Term ETF has a fifty-two week low of $25.15 and a fifty-two week high of $25.75.

Nomura Tax-Free USA Short Term ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Friday, February 27th were paid a dividend of $0.0713 per share. This is a boost from Nomura Tax-Free USA Short Term ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 3.4%.

Nomura Tax-Free USA Short Term ETF Company Profile

(Get Free Report)

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.

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