SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) Short Interest Ratio & Short Volume

Short interest is the volume of SPDR Nuveen ICE Short Term Municipal Bond ETF shares that have been sold short but have not yet been covered or closed out. As of July 31st, traders have sold 273,900 shares of SHM short. 0.38% of SPDR Nuveen ICE Short Term Municipal Bond ETF's shares are currently sold short. Learn More on SPDR Nuveen ICE Short Term Municipal Bond ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. SHM shares currently have a short interest ratio of 1.0. Learn More on SPDR Nuveen ICE Short Term Municipal Bond ETF's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.38% of SPDR Nuveen ICE Short Term Municipal Bond ETF's floating shares are currently sold short.

SPDR Nuveen ICE Short Term Municipal Bond ETF saw a decline in short interest in July. As of July 31st, there was short interest totaling 273,900 shares, a decline of 8.9% from the previous total of 300,700 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

0.38% of SPDR Nuveen ICE Short Term Municipal Bond ETF's shares are currently sold short. Here is how the short interest of companies compare to SPDR Nuveen ICE Short Term Municipal Bond ETF: iShares California Muni Bond ETF (0.17%), SPDR Nuveen ICE Municipal Bond ETF (0.59%), Capital Group Municipal Income ETF (0.08%), Invesco National AMT-Free Municipal Bond ETF (0.19%), PIMCO Intermediate Municipal Bond Exchange-Traded Fund (0.26%), Capital Group Municipal High-Income ETF (0.54%), First Trust Managed Municipal ETF (0.03%), Vanguard Short-Term Tax-Exempt Bond ETF (0.29%), PIMCO Short Term Municipal Bond Exchange-Traded Fund (0.06%), iShares New York Muni Bond ETF (0.40%),

As of the most recent reporting period, the following stocks had the largest short interest positions: SPDR S&P 500 ETF Trust ($70.87 billion), Invesco QQQ ($30.12 billion), iShares Russell 2000 ETF ($19.85 billion), iShares 20+ Year Treasury Bond ETF ($10.34 billion), Strategy Inc ($8.98 billion), iShares iBoxx $ Investment Grade Corporate Bond ETF ($7.61 billion), SPDR S&P Biotech ETF ($6.81 billion), Invesco S&P 500 Equal Weight ETF ($6.14 billion), Palo Alto Networks, Inc. ($5.97 billion), and Super Micro Computer, Inc. ($5.28 billion). View all of the most shorted stocks.

Short selling SHM is an investing strategy that aims to generate trading profit from SPDR Nuveen ICE Short Term Municipal Bond ETF as its price is falling. SHM shares are trading up $0.08 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for SPDR Nuveen ICE Short Term Municipal Bond ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of SHM, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including SHM, twice per month. The most recent reporting period available is July, 31 2025.