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

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

State Street Nuveen Municipal Bond ETF Trading Down 0.6%

State Street Nuveen Municipal Bond ETF stock opened at $26.40 on Friday. The business’s 50 day simple moving average is $26.91 and its 200 day simple moving average is $27.15. State Street Nuveen Municipal Bond ETF has a 12 month low of $26.35 and a 12 month high of $27.86.

Institutional Investors Weigh In On State Street Nuveen Municipal Bond ETF

An institutional investor recently raised its position in State Street Nuveen Municipal Bond ETF stock. Janney Montgomery Scott LLC grew its holdings in shares of State Street Nuveen Municipal Bond ETF (BATS:MBND) by 183.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 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.