State Street Nuveen Municipal Bond ETF (BATS:MBND) Sees Large Drop in Short Interest

State Street Nuveen Municipal Bond ETF (BATS:MBND) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 908 shares, a decline of 61.8% from the June 30th total of 2,374 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 5,560 shares, the short-interest ratio is presently 0.2 days.

State Street Nuveen Municipal Bond ETF Price Performance

Shares of MBND opened at $26.83 on Monday. State Street Nuveen Municipal Bond ETF has a fifty-two week low of $25.82 and a fifty-two week high of $27.86. The firm’s 50 day moving average price is $27.20 and its 200 day moving average price is $27.33.

Institutional Trading of State Street Nuveen Municipal Bond ETF

A hedge fund recently raised its position in State Street Nuveen Municipal Bond ETF stock. Janney Montgomery Scott LLC increased its stake in shares of State Street Nuveen Municipal Bond ETF (BATS:MBND) by 183.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,918 shares of the company’s stock after purchasing an additional 31,635 shares during the quarter. Janney Montgomery Scott LLC owned 4.66% of State Street Nuveen Municipal Bond ETF worth $1,329,000 at the end of the most recent 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.