SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 131,579 shares, a decrease of 85.9% from the October 15th total of 932,239 shares. Based on an average daily volume of 1,059,675 shares, the days-to-cover ratio is presently 0.1 days.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TFI. OLD Mission Capital LLC purchased a new stake in SPDR Nuveen Barclays Municipal Bond ETF during the second quarter valued at about $215,000. Solstein Capital LLC purchased a new stake in SPDR Nuveen Barclays Municipal Bond ETF during the third quarter valued at about $285,000. Bessemer Group Inc. purchased a new stake in SPDR Nuveen Barclays Municipal Bond ETF during the third quarter valued at about $380,000. Financial Consulate Inc. lifted its holdings in SPDR Nuveen Barclays Municipal Bond ETF by 4.1% during the third quarter. Financial Consulate Inc. now owns 32,361 shares of the company’s stock valued at $1,537,000 after purchasing an additional 1,264 shares during the last quarter. Finally, Horan Capital Advisors LLC. purchased a new stake in SPDR Nuveen Barclays Municipal Bond ETF during the second quarter valued at about $1,588,000.

NYSEARCA TFI opened at $47.08 on Wednesday. SPDR Nuveen Barclays Municipal Bond ETF has a 52 week low of $46.64 and a 52 week high of $49.33.

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 7th. Shareholders of record on Friday, November 2nd were issued a dividend of $0.0908 per share. This represents a $1.09 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Thursday, November 1st.

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SPDR Nuveen Barclays Municipal Bond ETF Company Profile

SPDR Lehman Municipal Bond ETF, formerly SPDR Nuveen Barclays Municipal Bond ETF (the Fund), seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Municipal Managed Money Index (the Index). The Fund uses a passive management strategy designed to track the Index.

See Also: How to Invest in an Index Fund

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