State Street Nuveen Municipal Bond ETF (BATS:MBND) Sees Large Drop in Short Interest

State Street Nuveen Municipal Bond ETF (BATS:MBND) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 908 shares, a drop of 61.8% from the June 30th total of 2,374 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 5,560 shares, the days-to-cover ratio is presently 0.2 days.

State Street Nuveen Municipal Bond ETF Stock Performance

MBND opened at $26.83 on Monday. State Street Nuveen Municipal Bond ETF has a one year low of $25.82 and a one year high of $27.86. The business’s 50-day simple moving average is $27.20 and its 200-day simple moving average is $27.33.

Hedge Funds Weigh In On State Street Nuveen Municipal Bond ETF

An institutional investor recently raised its position in State Street Nuveen Municipal Bond ETF stock. Janney Montgomery Scott LLC raised its stake in shares of State Street Nuveen Municipal Bond ETF (BATS:MBND) by 183.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,918 shares of the company’s stock after acquiring an additional 31,635 shares during the period. Janney Montgomery Scott LLC owned approximately 4.66% of State Street Nuveen Municipal Bond ETF worth $1,329,000 as of its most recent SEC filing.

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.