State Street Nuveen Municipal Bond ETF (BATS:MBND) Short Interest Update

State Street Nuveen Municipal Bond ETF (BATS:MBND) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,267 shares, a decrease of 85.3% from the April 30th total of 8,626 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 8,307 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in State Street Nuveen Municipal Bond ETF stock. PNC Financial Services Group Inc. raised its position in shares of State Street Nuveen Municipal Bond ETF (BATS:MBND) by 32.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,294 shares of the company’s stock after buying an additional 2,997 shares during the quarter. PNC Financial Services Group Inc. owned about 1.17% of State Street Nuveen Municipal Bond ETF worth $336,000 at the end of the most recent quarter.

State Street Nuveen Municipal Bond ETF Price Performance

Shares of MBND opened at $27.25 on Thursday. State Street Nuveen Municipal Bond ETF has a one year low of $25.82 and a one year high of $27.86. The stock has a 50-day moving average price of $27.20 and a 200 day moving average price of $27.38.

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.