State Street Nuveen Municipal Bond ETF (BATS:MBND) Short Interest Up 1,122.3% in August

State Street Nuveen Municipal Bond ETF (BATS:MBND) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 2,628 shares, a growth of 1,122.3% from the August 15th total of 215 shares. Based on an average daily trading volume, of 2,795 shares, the short-interest ratio is currently 0.9 days. Approximately 0.3% of the company’s shares are sold short.

State Street Nuveen Municipal Bond ETF Price Performance

Shares of MBND traded down $0.15 during mid-day trading on Thursday, reaching $26.40. 6,237 shares of the company were exchanged, compared to its average volume of 6,551. State Street Nuveen Municipal Bond ETF has a 52 week low of $26.35 and a 52 week high of $27.86. The business has a 50 day simple moving average of $26.92 and a two-hundred day simple moving average of $27.16.

Institutional Inflows and Outflows

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

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.