Short Interest in SPDR Nuveen Bloomberg Municipal Bond ETF (NYSEARCA:TFI) Drops By 28.8%

SPDR Nuveen Bloomberg Municipal Bond ETF (NYSEARCA:TFI) was the recipient of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 325,100 shares, a decrease of 28.8% from the May 15th total of 456,600 shares. Based on an average daily volume of 1,675,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. First Horizon Advisors Inc. raised its position in shares of SPDR Nuveen Bloomberg Municipal Bond ETF by 50.8% in the 4th quarter. First Horizon Advisors Inc. now owns 10,744 shares of the company’s stock worth $490,000 after buying an additional 3,619 shares during the period. Private Trust Co. NA raised its holdings in shares of SPDR Nuveen Bloomberg Municipal Bond ETF by 3.8% in the 4th quarter. Private Trust Co. NA now owns 23,880 shares of the company’s stock worth $1,089,000 after purchasing an additional 869 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of SPDR Nuveen Bloomberg Municipal Bond ETF by 42.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,198 shares of the company’s stock valued at $55,000 after purchasing an additional 359 shares in the last quarter. Fairway Wealth LLC grew its holdings in shares of SPDR Nuveen Bloomberg Municipal Bond ETF by 6.1% during the 4th quarter. Fairway Wealth LLC now owns 5,325 shares of the company’s stock worth $243,000 after purchasing an additional 306 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of SPDR Nuveen Bloomberg Municipal Bond ETF during the 4th quarter worth about $36,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Nuveen Bloomberg Municipal Bond ETF Trading Up 0.1%

NYSEARCA TFI opened at $44.46 on Tuesday. The business’s 50-day moving average price is $44.34 and its 200 day moving average price is $45.18. SPDR Nuveen Bloomberg Municipal Bond ETF has a twelve month low of $42.84 and a twelve month high of $46.90.

About SPDR Nuveen Bloomberg Municipal Bond ETF

SPDR Lehman Municipal Bond ETF, formerly SPDR Nuveen Barclays Municipal Bond ETF (the Fund), seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Municipal Managed Money Index (the Index). The Fund uses a passive management strategy designed to track the Index.