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

State Street Nuveen Municipal Bond ETF (BATS:MBND) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,503 shares, a growth of 97.6% from the May 14th total of 1,267 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 4,019 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in State Street Nuveen Municipal Bond ETF stock. Janney Montgomery Scott LLC lifted its stake in shares of State Street Nuveen Municipal Bond ETF (BATS:MBND) by 183.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,918 shares of the company’s stock after acquiring an additional 31,635 shares during the quarter. Janney Montgomery Scott LLC owned about 4.66% of State Street Nuveen Municipal Bond ETF worth $1,329,000 at the end of the most recent reporting period.

State Street Nuveen Municipal Bond ETF Stock Performance

MBND traded down $0.02 on Friday, reaching $27.21. The company had a trading volume of 1,419 shares, compared to its average volume of 5,847. The company has a fifty day moving average of $27.22 and a 200-day moving average of $27.36. State Street Nuveen Municipal Bond ETF has a one year low of $25.82 and a one year high of $27.86.

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.