SPDR Nuveen Barclays Municipal Bond ETF (TFI) Short Interest Down 39.9% in October

SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totalling 932,239 shares, a drop of 39.9% from the September 28th total of 1,549,962 shares. Based on an average daily volume of 1,356,933 shares, the short-interest ratio is currently 0.7 days.

A number of large investors have recently bought and sold shares of TFI. OTA Financial Group L.P. purchased a new stake in SPDR Nuveen Barclays Municipal Bond ETF during the second quarter valued at approximately $655,000. Financial Engines Advisors L.L.C. raised its holdings in shares of SPDR Nuveen Barclays Municipal Bond ETF by 23.9% in the second quarter. Financial Engines Advisors L.L.C. now owns 625,985 shares of the company’s stock worth $30,035,000 after buying an additional 120,730 shares during the last quarter. Horan Capital Advisors LLC. purchased a new position in shares of SPDR Nuveen Barclays Municipal Bond ETF in the second quarter worth $1,588,000. Exchange Capital Management Inc. raised its holdings in shares of SPDR Nuveen Barclays Municipal Bond ETF by 99.7% in the second quarter. Exchange Capital Management Inc. now owns 37,500 shares of the company’s stock worth $1,799,000 after buying an additional 18,720 shares during the last quarter. Finally, BSW Wealth Partners raised its holdings in shares of SPDR Nuveen Barclays Municipal Bond ETF by 10.5% in the second quarter. BSW Wealth Partners now owns 111,070 shares of the company’s stock worth $5,329,000 after buying an additional 10,524 shares during the last quarter.

NYSEARCA:TFI opened at $47.00 on Thursday. SPDR Nuveen Barclays Municipal Bond ETF has a 52 week low of $46.92 and a 52 week high of $49.33.



The company also recently announced a monthly dividend, which was paid on Friday, October 5th. Investors of record on Tuesday, October 2nd were given a dividend of $0.0933 per share. This is a boost from SPDR Nuveen Barclays Municipal Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date was Monday, October 1st. This represents a $1.12 dividend on an annualized basis and a yield of 2.38%.

About SPDR Nuveen Barclays 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.

Further Reading: What does cost of debt say about a company’s financial health?

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