State Street Nuveen Municipal Bond ETF (BATS:MBND) Short Interest Up 97.6% in May

State Street Nuveen Municipal Bond ETF (BATS:MBND) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 2,503 shares, a growth of 97.6% from the May 14th total of 1,267 shares. Based on an average daily volume of 4,019 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On 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. boosted its position in State Street Nuveen Municipal Bond ETF (BATS:MBND) by 32.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,294 shares of the company’s stock after purchasing an additional 2,997 shares during the period. 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 SEC.

State Street Nuveen Municipal Bond ETF Stock Performance

Shares of BATS:MBND opened at $27.21 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 50-day simple moving average of $27.22 and a 200 day simple moving average of $27.36.

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.