State Street Nuveen Municipal Bond ETF (BATS:MBND – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 2,628 shares, a growth of 1,122.3% from the August 15th total of 215 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 2,795 shares, the days-to-cover ratio is currently 0.9 days.
State Street Nuveen Municipal Bond ETF Price Performance
Shares of BATS MBND traded down $0.15 during trading on Thursday, hitting $26.40. 6,237 shares of the company traded hands, compared to its average volume of 6,551. The business’s fifty day moving average is $26.92 and its 200 day moving average is $27.16. State Street Nuveen Municipal Bond ETF has a fifty-two week low of $26.35 and a fifty-two week high of $27.86.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in State Street Nuveen Municipal Bond ETF stock. PNC Financial Services Group Inc. grew its position in shares of State Street Nuveen Municipal Bond ETF (BATS:MBND – Free Report) by 30.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,058 shares of the company’s stock after acquiring an additional 3,764 shares during the quarter. PNC Financial Services Group Inc. owned about 1.53% of State Street Nuveen Municipal Bond ETF worth $436,000 as of its most recent filing with the Securities & Exchange Commission.
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.
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