State Street Nuveen Municipal Bond ETF (BATS:MBND) Sees Significant Increase in Short Interest

State Street Nuveen Municipal Bond ETF (BATS:MBNDGet Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,557 shares, an increase of 71.5% from the July 15th total of 908 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 12,103 shares, the short-interest ratio is presently 0.1 days.

State Street Nuveen Municipal Bond ETF Price Performance

Shares of MBND stock opened at $26.90 on Tuesday. State Street Nuveen Municipal Bond ETF has a 12-month low of $25.82 and a 12-month high of $27.86. The firm has a fifty day moving average of $27.11 and a 200-day moving average of $27.26.

Institutional Investors Weigh In On State Street Nuveen Municipal Bond ETF

A number of hedge funds have recently modified their holdings of MBND. Janney Montgomery Scott LLC grew its position in shares of State Street Nuveen Municipal Bond ETF by 183.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 48,918 shares of the company’s stock valued at $1,329,000 after purchasing an additional 31,635 shares during the period. Cullen Capital Management LLC acquired a new stake in State Street Nuveen Municipal Bond ETF during the 2nd quarter worth approximately $8,182,000. Finally, PNC Financial Services Group Inc. raised its holdings in State Street Nuveen Municipal Bond ETF by 30.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 16,058 shares of the company’s stock worth $436,000 after buying an additional 3,764 shares during the period.

About State Street Nuveen Municipal Bond ETF

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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.

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