State Street Nuveen Municipal Bond ETF (BATS:MBND) Shares Shorted: Short Interest Up 3,105.6% in October

State Street Nuveen Municipal Bond ETF (BATS:MBND) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 5,738 shares, an increase of 3,105.6% from the October 15th total of 179 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 26,649 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of State Street Nuveen Municipal Bond ETF

An institutional investor recently raised its stake in State Street Nuveen Municipal Bond ETF stock. PNC Financial Services Group Inc. lifted its holdings in shares of State Street Nuveen Municipal Bond ETF (BATS:MBND) by 30.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,058 shares of the company’s stock after acquiring an additional 3,764 shares during the period. PNC Financial Services Group Inc. owned 1.53% of State Street Nuveen Municipal Bond ETF worth $436,000 at the end of the most recent reporting period.

State Street Nuveen Municipal Bond ETF Trading Down 0.4%

BATS MBND opened at $26.55 on Wednesday. State Street Nuveen Municipal Bond ETF has a 52 week low of $25.27 and a 52 week high of $28.09. The firm has a 50 day moving average of $26.11 and a two-hundred day moving average of $26.96.

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.