State Street Nuveen Municipal Bond ETF (BATS:MBND) Sees Large Growth in Short Interest

State Street Nuveen Municipal Bond ETF (BATS:MBND) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 5,738 shares, a growth of 3,105.6% from the October 15th total of 179 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 26,649 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in State Street Nuveen Municipal Bond ETF stock. PNC Financial Services Group Inc. boosted its stake in State Street Nuveen Municipal Bond ETF (BATS:MBND) by 30.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,058 shares of the company’s stock after buying an additional 3,764 shares during the quarter. PNC Financial Services Group Inc. owned approximately 1.53% of State Street Nuveen Municipal Bond ETF worth $436,000 at the end of the most recent reporting period.

State Street Nuveen Municipal Bond ETF Trading Up 0.2%

Shares of MBND stock opened at $26.60 on Thursday. The stock has a 50 day moving average of $26.11 and a 200 day moving average of $26.95. State Street Nuveen Municipal Bond ETF has a twelve month low of $25.27 and a twelve month high of $28.09.

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.