State Street Nuveen Municipal Bond ETF (BATS:MBND) Short Interest Up 1,122.3% in August

State Street Nuveen Municipal Bond ETF (BATS:MBND) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 2,628 shares, an increase of 1,122.3% from the August 15th total of 215 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 2,795 shares, the days-to-cover ratio is currently 0.9 days.

State Street Nuveen Municipal Bond ETF Stock Down 0.0%

Shares of MBND opened at $26.39 on Friday. State Street Nuveen Municipal Bond ETF has a 52-week low of $26.35 and a 52-week high of $27.86. The stock has a fifty day simple moving average of $26.89 and a two-hundred day simple moving average of $27.15.

Institutional Investors Weigh In On State Street Nuveen Municipal Bond ETF

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

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.