iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Short Interest Down 82.9% in May

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 11,947 shares, a decrease of 82.9% from the May 14th total of 69,963 shares. Based on an average daily volume of 175,867 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MEAR. Captrust Financial Advisors increased its position in shares of iShares Short Maturity Municipal Bond Active ETF by 115.3% in the third quarter. Captrust Financial Advisors now owns 1,258,796 shares of the company’s stock valued at $63,582,000 after buying an additional 674,207 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of iShares Short Maturity Municipal Bond Active ETF by 725.3% in the first quarter. Bank of New York Mellon Corp now owns 428,835 shares of the company’s stock valued at $21,588,000 after buying an additional 376,871 shares in the last quarter. Resonant Capital Advisors LLC increased its position in shares of iShares Short Maturity Municipal Bond Active ETF by 21.4% in the first quarter. Resonant Capital Advisors LLC now owns 1,666,710 shares of the company’s stock valued at $83,902,000 after buying an additional 293,492 shares in the last quarter. Cetera Investment Advisers increased its position in shares of iShares Short Maturity Municipal Bond Active ETF by 138.2% in the fourth quarter. Cetera Investment Advisers now owns 485,302 shares of the company’s stock valued at $24,420,000 after buying an additional 281,524 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of iShares Short Maturity Municipal Bond Active ETF by 20.9% in the first quarter. Bank of America Corp DE now owns 1,418,879 shares of the company’s stock valued at $71,426,000 after buying an additional 245,078 shares in the last quarter.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

Shares of iShares Short Maturity Municipal Bond Active ETF stock opened at $50.29 on Wednesday. The firm has a 50-day simple moving average of $50.29 and a two-hundred day simple moving average of $50.37. iShares Short Maturity Municipal Bond Active ETF has a fifty-two week low of $50.06 and a fifty-two week high of $50.79.

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.