State Street Nuveen Municipal Bond ETF (BATS:MBND – Get Free Report) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 908 shares, a drop of 61.8% from the June 30th total of 2,374 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 5,560 shares, the short-interest ratio is presently 0.2 days.
Institutional Inflows and Outflows
An institutional investor recently raised its position in State Street Nuveen Municipal Bond ETF stock. Janney Montgomery Scott LLC lifted its stake in shares of State Street Nuveen Municipal Bond ETF (BATS:MBND – Free Report) by 183.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,918 shares of the company’s stock after purchasing an additional 31,635 shares during the period. 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 Price Performance
BATS:MBND opened at $26.91 on Wednesday. State Street Nuveen Municipal Bond ETF has a 52-week low of $25.82 and a 52-week high of $27.86. The stock’s 50-day simple moving average is $27.19 and its 200 day simple moving average is $27.32.
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.
See Also
- Five stocks we like better than State Street Nuveen Municipal Bond ETF
- 3 Unique AI Software Plays With Strong Analyst Support
- Amazon’s Satellite Push Raises the Stakes for SpaceX and AST SpaceMobile
- NVIDIA’s OpenAI Backstop Puts AI Financing Risk in Focus
- UPS Just Gave Investors a Second Chance to Buy
Receive News & Ratings for State Street Nuveen Municipal Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for State Street Nuveen Municipal Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
