iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB – Get Free Report) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 217,276 shares, an increase of 76.8% from the August 31st total of 122,894 shares. Based on an average daily trading volume, of 612,914 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold.
Hedge Funds Weigh In On iShares Short-Term National Muni Bond ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. Compass Financial Management LLC bought a new stake in iShares Short-Term National Muni Bond ETF in the 2nd quarter valued at $126,000. NBH Bank bought a new position in iShares Short-Term National Muni Bond ETF during the 2nd quarter worth $104,000. Rogco LP lifted its holdings in shares of iShares Short-Term National Muni Bond ETF by 1.4% during the second quarter. Rogco LP now owns 30,390 shares of the company’s stock worth $3,236,000 after buying an additional 421 shares in the last quarter. Continuum Advisory LLC lifted its holdings in shares of iShares Short-Term National Muni Bond ETF by 2.5% during the second quarter. Continuum Advisory LLC now owns 12,188 shares of the company’s stock worth $1,298,000 after buying an additional 303 shares in the last quarter. Finally, Trust Co. of Vermont bought a new stake in shares of iShares Short-Term National Muni Bond ETF in the second quarter valued at about $366,000.
iShares Short-Term National Muni Bond ETF Stock Up 0.4%
Shares of SUB stock traded up $0.39 during trading on Wednesday, reaching $104.54. 2,444,495 shares of the company’s stock were exchanged, compared to its average volume of 564,298. The firm’s fifty day moving average price is $105.83 and its 200-day moving average price is $106.23. iShares Short-Term National Muni Bond ETF has a twelve month low of $104.05 and a twelve month high of $107.51.
About iShares Short-Term National Muni Bond ETF
iShares 2016 AMT-Free Muni Term ETF, formerly iShares S&P Short Term National AMT-Free Municipal Bond Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Short Term National AMT-Free Municipal Bond Index (the Index). The Index measures the performance of the short-term investment-grade segment of the United States municipal bond market. The Fund invests in a representative sample of the securities included in the Index that collectively has an investment profile similar to the Index.
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