Short Interest in iShares Short Duration Bond Active ETF (BATS:NEAR) Decreases By 78.2%

iShares Short Duration Bond Active ETF (BATS:NEAR) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 186,160 shares, a decrease of 78.2% from the May 31st total of 854,246 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 481,445 shares, the days-to-cover ratio is currently 0.4 days.

iShares Short Duration Bond Active ETF Stock Performance

Shares of NEAR opened at $50.69 on Friday. The stock has a 50-day moving average of $50.69 and a 200-day moving average of $50.92. iShares Short Duration Bond Active ETF has a one year low of $50.48 and a one year high of $51.37.

Institutional Investors Weigh In On iShares Short Duration Bond Active ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Kelleher Financial Advisors acquired a new position in shares of iShares Short Duration Bond Active ETF during the third quarter worth approximately $26,000. Godfrey Financial Associates Inc. acquired a new stake in iShares Short Duration Bond Active ETF in the 4th quarter valued at $35,000. MidAtlantic Capital Management Inc. bought a new stake in iShares Short Duration Bond Active ETF during the 4th quarter valued at $46,000. Tower Research Capital LLC TRC bought a new stake in iShares Short Duration Bond Active ETF during the 2nd quarter valued at $76,000. Finally, Maseco LLP acquired a new position in iShares Short Duration Bond Active ETF during the fourth quarter worth $88,000.

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.