SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) Sees Large Volume Increase – Here’s Why

Shares of SPDR Nuveen ICE Short Term Municipal Bond ETF (NYSEARCA:SHM) saw unusually-strong trading volume on Tuesday . Approximately 3,628,291 shares were traded during mid-day trading, an increase of 688% from the previous session’s volume of 460,448 shares.The stock last traded at $48.17 and had previously closed at $48.15.

SPDR Nuveen ICE Short Term Municipal Bond ETF Stock Performance

The company’s 50 day simple moving average is $47.97 and its 200-day simple moving average is $48.05.

Institutional Investors Weigh In On SPDR Nuveen ICE Short Term Municipal Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Davis Capital Management bought a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF in the 3rd quarter worth approximately $27,000. Total Investment Management Inc. bought a new position in SPDR Nuveen ICE Short Term Municipal Bond ETF in the second quarter worth approximately $27,000. Cornerstone Planning Group LLC purchased a new position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF during the 3rd quarter worth $28,000. Ameriflex Group Inc. grew its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 65.2% during the 3rd quarter. Ameriflex Group Inc. now owns 884 shares of the company’s stock valued at $43,000 after acquiring an additional 349 shares during the period. Finally, Blue Trust Inc. grew its position in shares of SPDR Nuveen ICE Short Term Municipal Bond ETF by 1,365.2% during the 2nd quarter. Blue Trust Inc. now owns 967 shares of the company’s stock valued at $46,000 after acquiring an additional 901 shares during the period. Hedge funds and other institutional investors own 99.65% of the company’s stock.

About SPDR Nuveen ICE Short Term Municipal Bond ETF

SPDR Nuveen Barclays Short Term Municipal Bond ETF (the Fund), formerly SPDR Nuveen Barclays Capital Short Term Municipal Bond ETF, correspond generally to the price and yield performance of the Barclays Capital Managed Money Municipal Short Term Index (the Index). The Fund uses a passive management strategy designed to track the Index. The Index tracks publicly traded municipal bonds that cover the United States dollar-denominated, short-term tax exempt bond market, including state and local general obligation bonds, revenue bonds, insured bonds and pre-refunded bonds.