State Street Nuveen Municipal Bond ETF (BATS:MBND – Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,557 shares, a growth of 71.5% from the July 15th total of 908 shares. Based on an average daily volume of 12,103 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.
Hedge Funds Weigh In On State Street Nuveen Municipal Bond ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Cullen Capital Management LLC bought a new stake in shares of State Street Nuveen Municipal Bond ETF during the 2nd quarter worth approximately $8,182,000. PNC Financial Services Group Inc. increased its stake in State Street Nuveen Municipal Bond ETF by 30.6% in the first quarter. PNC Financial Services Group Inc. now owns 16,058 shares of the company’s stock valued at $436,000 after acquiring an additional 3,764 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in State Street Nuveen Municipal Bond ETF by 183.0% during the first quarter. Janney Montgomery Scott LLC now owns 48,918 shares of the company’s stock valued at $1,329,000 after purchasing an additional 31,635 shares in the last quarter.
State Street Nuveen Municipal Bond ETF Price Performance
MBND stock 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 business has a 50-day simple moving average of $27.12 and a 200 day simple moving average of $27.27.
About State Street Nuveen Municipal Bond ETF
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.
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