State Street Nuveen Municipal Bond ETF (BATS:MBND) Stock Short Interest Report for October

State Street Nuveen Municipal Bond ETF (BATS:MBND) saw a large growth in short interest in October. As of October 30th, there was short interest totaling 5,738 shares, a growth of 3,105.6% from the October 15th total of 179 shares. Based on an average daily volume of 26,649 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.8% of the shares of the company are short sold.

State Street Nuveen Municipal Bond ETF Stock Performance

BATS MBND traded down $0.11 on Tuesday, hitting $26.55. 1,493 shares of the company’s stock were exchanged, compared to its average volume of 9,317. The firm’s 50-day moving average price is $26.12 and its two-hundred day moving average price is $26.96. State Street Nuveen Municipal Bond ETF has a fifty-two week low of $25.27 and a fifty-two week high of $28.09.

Institutional Inflows and Outflows

An institutional investor recently raised its position in State Street Nuveen Municipal Bond ETF stock. PNC Financial Services Group Inc. lifted its stake in shares of State Street Nuveen Municipal Bond ETF (BATS:MBND) by 30.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,058 shares of the company’s stock after purchasing 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 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.