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 decline in short interest during the month of August. As of August 14th, there was short interest totaling 215 shares, a decline of 86.2% from the July 30th total of 1,557 shares. Based on an average daily volume of 6,427 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MBND. Cullen Capital Management LLC bought a new stake in State Street Nuveen Municipal Bond ETF during the second quarter worth approximately $8,182,000. PNC Financial Services Group Inc. boosted its holdings in shares of State Street Nuveen Municipal Bond ETF by 30.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,058 shares of the company’s stock worth $436,000 after purchasing an additional 3,764 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of State Street Nuveen Municipal Bond ETF by 183.0% during 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 last quarter.

State Street Nuveen Municipal Bond ETF Price Performance

State Street Nuveen Municipal Bond ETF stock remained flat at $26.86 during mid-day trading on Thursday. 3,161 shares of the company were exchanged, compared to its average volume of 6,113. State Street Nuveen Municipal Bond ETF has a 52 week low of $26.66 and a 52 week high of $27.86. The firm’s 50-day moving average price is $27.05 and its 200 day moving average price is $27.23.

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.