iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR – Get Free Report) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 17,573 shares, an increase of 890.0% from the April 15th total of 1,775 shares. Based on an average daily volume of 107,312 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.
iShares Short Maturity Municipal Bond Active ETF Price Performance
BATS:MEAR traded up $0.01 on Wednesday, reaching $50.28. The stock had a trading volume of 13,494 shares, compared to its average volume of 159,195. iShares Short Maturity Municipal Bond Active ETF has a 1-year low of $50.00 and a 1-year high of $50.79. The stock has a fifty day moving average price of $50.34 and a 200-day moving average price of $50.38.
Hedge Funds Weigh In On iShares Short Maturity Municipal Bond Active ETF
Several institutional investors have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. acquired a new position in iShares Short Maturity Municipal Bond Active ETF in the second quarter worth $29,000. Centennial Bank AR bought a new stake in shares of iShares Short Maturity Municipal Bond Active ETF during the third quarter valued at approximately $31,000. AE Wealth Management LLC increased its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 141.1% in the third quarter. AE Wealth Management LLC now owns 687 shares of the company’s stock valued at $35,000 after purchasing an additional 402 shares in the last quarter. Centennial Bank AR raised its position in iShares Short Maturity Municipal Bond Active ETF by 183.6% in the 4th quarter. Centennial Bank AR now owns 1,730 shares of the company’s stock worth $87,000 after purchasing an additional 1,120 shares during the last quarter. Finally, Blueline Advisors LLC bought a new position in iShares Short Maturity Municipal Bond Active ETF in the 4th quarter worth approximately $116,000.
iShares Short Maturity Municipal Bond Active ETF Company Profile
The iShares Short Maturity Municipal Bond ETF (MEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund holds a portfolio of actively managed municipal bonds and targets a weighted average portfolio maturity of 3 years or less. MEAR was launched on Mar 3, 2015 and is managed by BlackRock.
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