State Street Nuveen Municipal Bond ETF (BATS:MBND – Get Free Report) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 215 shares, a decrease of 86.2% from the July 30th total of 1,557 shares. Based on an average daily trading volume, of 6,427 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
State Street Nuveen Municipal Bond ETF Price Performance
BATS:MBND opened at $26.83 on Friday. The firm has a 50 day moving average of $27.04 and a 200 day moving average of $27.23. State Street Nuveen Municipal Bond ETF has a 52 week low of $26.66 and a 52 week high of $27.86.
Institutional Investors Weigh In On State Street Nuveen Municipal Bond ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cullen Capital Management LLC purchased a new stake in shares of State Street Nuveen Municipal Bond ETF during the second quarter worth $8,182,000. Janney Montgomery Scott LLC increased its holdings in State Street Nuveen Municipal Bond ETF by 183.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 48,918 shares of the company’s stock valued at $1,329,000 after purchasing an additional 31,635 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in State Street Nuveen Municipal Bond ETF by 30.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,058 shares of the company’s stock valued at $436,000 after acquiring an additional 3,764 shares in the last 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.
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