Short Interest in State Street Nuveen Municipal Bond ETF (BATS:MBND) Expands By 71.5%

State Street Nuveen Municipal Bond ETF (BATS:MBND) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,557 shares, an increase of 71.5% from the July 15th total of 908 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,103 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On State Street Nuveen Municipal Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of MBND. PNC Financial Services Group Inc. raised its position in State Street Nuveen Municipal Bond ETF by 32.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,294 shares of the company’s stock valued at $336,000 after purchasing an additional 2,997 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of State Street Nuveen Municipal Bond ETF during the fourth quarter valued at about $473,000. Finally, Cullen Capital Management LLC bought a new stake in shares of State Street Nuveen Municipal Bond ETF during the second quarter worth about $8,182,000.

State Street Nuveen Municipal Bond ETF Stock Performance

Shares of BATS:MBND opened at $26.95 on Monday. State Street Nuveen Municipal Bond ETF has a 52-week low of $25.82 and a 52-week high of $27.86. The company has a fifty day moving average of $27.12 and a 200-day moving average of $27.27.

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.