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

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

State Street Nuveen Municipal Bond ETF Trading Up 0.3%

Shares of State Street Nuveen Municipal Bond ETF stock opened at $27.25 on Thursday. The business’s 50 day simple moving average is $27.20 and its 200-day simple moving average is $27.38. State Street Nuveen Municipal Bond ETF has a twelve month low of $25.82 and a twelve month high of $27.86.

Institutional Trading of 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. lifted its stake in shares of State Street Nuveen Municipal Bond ETF (BATS:MBND) by 32.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,294 shares of the company’s stock after purchasing an additional 2,997 shares during the quarter. PNC Financial Services Group Inc. owned about 1.17% of State Street Nuveen Municipal Bond ETF worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

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.