Short Interest in State Street Nuveen Municipal Bond ETF (BATS:MBND) Decreases By 85.3%

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

Institutional Trading of State Street Nuveen Municipal Bond ETF

An institutional investor recently raised its position in State Street Nuveen Municipal Bond ETF stock. PNC Financial Services Group Inc. lifted its position in State Street Nuveen Municipal Bond ETF (BATS:MBND) by 32.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,294 shares of the company’s stock after acquiring an additional 2,997 shares during the period. PNC Financial Services Group Inc. owned approximately 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 Trading Up 0.1%

Shares of BATS:MBND opened at $27.27 on Friday. The firm’s 50 day simple moving average is $27.19 and its 200 day simple moving average is $27.38. State Street Nuveen Municipal Bond ETF has a fifty-two week low of $25.82 and a fifty-two week high of $27.86.

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.