State Street Nuveen Municipal Bond ETF (BATS:MBND) Stock Short Interest Declines 87.9%

State Street Nuveen Municipal Bond ETF (BATS:MBND) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 179 shares, a decline of 87.9% from the September 30th total of 1,477 shares. Based on an average daily volume of 24,692 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

State Street Nuveen Municipal Bond ETF Trading Down 0.1%

BATS:MBND opened at $26.21 on Wednesday. The firm’s fifty day moving average price is $26.19 and its two-hundred day moving average price is $27.01. State Street Nuveen Municipal Bond ETF has a one year low of $25.27 and a one year high of $28.09.

Institutional Investors Weigh In On State Street Nuveen Municipal Bond ETF

A hedge fund recently raised its stake in State Street Nuveen Municipal Bond ETF stock. Janney Montgomery Scott LLC grew its position in State Street Nuveen Municipal Bond ETF (BATS:MBND) by 183.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,918 shares of the company’s stock after purchasing 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 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.