SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) Sees Unusually-High Trading Volume – What’s Next?

SPDR Nuveen Barclays Short Term Municipal Bond ETF (NYSEARCA:SHM) shares saw unusually-strong trading volume on Friday . Approximately 2,588,694 shares changed hands during trading, an increase of 649% from the previous session’s volume of 345,642 shares.The stock last traded at $47.69 and had previously closed at $47.67.

SPDR Nuveen Barclays Short Term Municipal Bond ETF Trading Up 0.1 %

The company’s 50-day simple moving average is $47.90 and its 200-day simple moving average is $47.57.

Institutional Trading of SPDR Nuveen Barclays Short Term Municipal Bond ETF

Several hedge funds have recently added to or reduced their stakes in SHM. Karpus Management Inc. increased its position in SPDR Nuveen Barclays Short Term Municipal Bond ETF by 70.3% during the 1st quarter. Karpus Management Inc. now owns 134,206 shares of the company’s stock worth $6,367,000 after buying an additional 55,420 shares during the period. Quent Capital LLC grew its stake in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF by 16.8% in the first quarter. Quent Capital LLC now owns 872,583 shares of the company’s stock valued at $41,395,000 after acquiring an additional 125,413 shares in the last quarter. Confluence Investment Management LLC grew its stake in shares of SPDR Nuveen Barclays Short Term Municipal Bond ETF by 5.6% in the second quarter. Confluence Investment Management LLC now owns 79,814 shares of the company’s stock valued at $3,766,000 after acquiring an additional 4,260 shares in the last quarter. GAMMA Investing LLC increased its position in SPDR Nuveen Barclays Short Term Municipal Bond ETF by 32.2% during the second quarter. GAMMA Investing LLC now owns 15,889 shares of the company’s stock worth $750,000 after acquiring an additional 3,870 shares during the period. Finally, First International Bank & Trust raised its stake in SPDR Nuveen Barclays Short Term Municipal Bond ETF by 5.2% in the 2nd quarter. First International Bank & Trust now owns 60,055 shares of the company’s stock worth $2,834,000 after purchasing an additional 2,965 shares in the last quarter. 99.65% of the stock is owned by institutional investors and hedge funds.

About SPDR Nuveen Barclays 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.