State Street Nuveen Municipal Bond ETF (BATS:MBND) Short Interest Update

State Street Nuveen Municipal Bond ETF (BATS:MBND) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,503 shares, an increase of 97.6% from the May 14th total of 1,267 shares. Based on an average daily volume of 4,019 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

State Street Nuveen Municipal Bond ETF Trading Down 0.1%

BATS:MBND traded down $0.02 during trading hours on Friday, reaching $27.21. 1,419 shares of the company’s stock were exchanged, compared to its average volume of 5,847. State Street Nuveen Municipal Bond ETF has a 12 month low of $25.82 and a 12 month high of $27.86. The business’s 50-day simple moving average is $27.22 and its two-hundred day simple moving average is $27.36.

Institutional Investors Weigh In On State Street Nuveen Municipal Bond ETF

An institutional investor recently raised its position in State Street Nuveen Municipal Bond ETF stock. PNC Financial Services Group Inc. increased its stake in State Street Nuveen Municipal Bond ETF (BATS:MBND) by 32.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,294 shares of the company’s stock after acquiring an additional 2,997 shares during the quarter. PNC Financial Services Group Inc. owned approximately 1.17% of State Street Nuveen Municipal Bond ETF worth $336,000 at the end of the most recent quarter.

State Street Nuveen Municipal Bond ETF Company Profile

The SPDR Nuveen Municipal Bond ETF (MBND) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively-managed to invest in US municipal bonds with varying credit quality. The portfolio targets a weighted average maturity of 5-12 years. MBND was launched on Feb 3, 2021 and is managed by State Street.