State Street Nuveen Municipal Bond ETF (BATS:MBND) Short Interest Down 85.3% in May

State Street Nuveen Municipal Bond ETF (BATS:MBND) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 1,267 shares, a drop of 85.3% from the April 30th total of 8,626 shares. Based on an average daily trading volume, of 8,307 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

State Street Nuveen Municipal Bond ETF Price Performance

MBND stock traded up $0.05 during mid-day trading on Friday, reaching $27.32. The company had a trading volume of 747 shares, compared to its average volume of 5,768. The firm has a 50 day moving average of $27.19 and a 200 day moving average of $27.38. State Street Nuveen Municipal Bond ETF has a 12 month low of $25.82 and a 12 month high of $27.86.

Institutional Investors Weigh In On State Street Nuveen Municipal Bond ETF

A hedge fund recently raised its stake in State Street Nuveen Municipal Bond ETF stock. Janney Montgomery Scott LLC increased its position in shares of State Street Nuveen Municipal Bond ETF (BATS:MBND) by 183.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,918 shares of the company’s stock after buying an additional 31,635 shares during the period. Janney Montgomery Scott LLC owned about 4.66% of State Street Nuveen Municipal Bond ETF worth $1,329,000 at the end of the most recent quarter.

About State Street Nuveen Municipal Bond ETF

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.