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

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

Institutional Trading of State Street Nuveen Municipal Bond ETF

An institutional investor recently raised its position in State Street Nuveen Municipal Bond ETF stock. PNC Financial Services Group Inc. boosted its stake in State Street Nuveen Municipal Bond ETF (BATS:MBND) by 32.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,294 shares of the company’s stock after acquiring an additional 2,997 shares during the period. PNC Financial Services Group Inc. owned 1.17% of State Street Nuveen Municipal Bond ETF worth $336,000 at the end of the most recent reporting period.

State Street Nuveen Municipal Bond ETF Stock Performance

MBND stock opened at $26.89 on Tuesday. State Street Nuveen Municipal Bond ETF has a 52-week low of $25.82 and a 52-week high of $27.86. The stock’s 50 day moving average is $27.19 and its two-hundred day moving average is $27.33.

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.