iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Short Interest Up 660.8% in January

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 2,187,346 shares, a growth of 660.8% from the December 31st total of 287,494 shares. Based on an average daily volume of 964,047 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.2% of the company’s stock are short sold. Approximately 2.2% of the company’s stock are short sold. Based on an average daily volume of 964,047 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Investors Weigh In On iShares Short-Term National Muni Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Field & Main Bank bought a new position in shares of iShares Short-Term National Muni Bond ETF in the third quarter valued at approximately $59,000. Collier Financial bought a new stake in iShares Short-Term National Muni Bond ETF during the 3rd quarter worth approximately $82,000. WFA of San Diego LLC purchased a new stake in iShares Short-Term National Muni Bond ETF in the 2nd quarter worth approximately $95,000. Bank of Jackson Hole Trust boosted its holdings in iShares Short-Term National Muni Bond ETF by 19.9% in the 2nd quarter. Bank of Jackson Hole Trust now owns 903 shares of the company’s stock valued at $96,000 after purchasing an additional 150 shares during the period. Finally, Ameriflex Group Inc. purchased a new position in shares of iShares Short-Term National Muni Bond ETF during the 2nd quarter valued at $110,000.

iShares Short-Term National Muni Bond ETF Stock Down 0.0%

Shares of NYSEARCA:SUB traded down $0.03 during mid-day trading on Thursday, hitting $107.23. 593,130 shares of the company traded hands, compared to its average volume of 800,091. iShares Short-Term National Muni Bond ETF has a 12-month low of $104.02 and a 12-month high of $107.32. The stock has a 50-day moving average price of $106.77 and a two-hundred day moving average price of $106.74.

iShares Short-Term National Muni Bond ETF Company Profile

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.