iShares Short Duration Bond Active ETF (BATS:NEAR – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 926,450 shares, an increase of 321.4% from the September 30th total of 219,868 shares. Based on an average daily volume of 894,405 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.4% of the company’s stock are sold short.
iShares Short Duration Bond Active ETF Price Performance
Shares of BATS:NEAR opened at $50.04 on Wednesday. iShares Short Duration Bond Active ETF has a 52 week low of $49.68 and a 52 week high of $51.37. The firm has a 50 day moving average of $50.13 and a 200 day moving average of $50.63.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its position in shares of iShares Short Duration Bond Active ETF by 94.9% in the 1st quarter. NewEdge Advisors LLC now owns 914,401 shares of the company’s stock worth $46,484,000 after acquiring an additional 445,163 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of iShares Short Duration Bond Active ETF during the 3rd quarter worth $15,999,000. Valley National Advisers Inc. bought a new stake in iShares Short Duration Bond Active ETF during the third quarter valued at about $11,357,000. Clearwater Capital Advisors LLC boosted its position in iShares Short Duration Bond Active ETF by 6.6% during the first quarter. Clearwater Capital Advisors LLC now owns 3,117,801 shares of the company’s stock valued at $158,493,000 after purchasing an additional 192,930 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its stake in iShares Short Duration Bond Active ETF by 71.4% in the second quarter. Proficio Capital Partners LLC now owns 425,995 shares of the company’s stock valued at $22,196,000 after purchasing an additional 177,400 shares during the last quarter.
About iShares Short Duration Bond Active ETF
The iShares Short Maturity Bond ETF (NEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund aims to maximize income and preserve capital using very short maturity, USD-denominated global fixed income securities in an actively-managed fund. NEAR was launched on Sep 25, 2013 and is managed by BlackRock.
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