iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Sees Significant Decrease in Short Interest

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 178,572 shares, a decrease of 91.8% from the January 15th total of 2,187,346 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 590,499 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 590,499 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of iShares Short-Term National Muni Bond ETF

Several hedge funds have recently added to or reduced their stakes in SUB. Private Wealth Asset Management LLC increased its stake in iShares Short-Term National Muni Bond ETF by 76.3% in the second quarter. Private Wealth Asset Management LLC now owns 2,600 shares of the company’s stock valued at $276,000 after purchasing an additional 1,125 shares during the last quarter. Private Trust Co. NA raised its position in iShares Short-Term National Muni Bond ETF by 167.1% during the second quarter. Private Trust Co. NA now owns 1,851 shares of the company’s stock worth $197,000 after acquiring an additional 1,158 shares during the last quarter. Curbstone Financial Management Corp lifted its position in shares of iShares Short-Term National Muni Bond ETF by 3.7% in the second quarter. Curbstone Financial Management Corp now owns 37,600 shares of the company’s stock valued at $3,998,000 after acquiring an additional 1,350 shares in the last quarter. Morgan Dempsey Capital Management LLC acquired a new stake in shares of iShares Short-Term National Muni Bond ETF during the 2nd quarter worth about $221,000. Finally, Salomon & Ludwin LLC lifted its stake in shares of iShares Short-Term National Muni Bond ETF by 2.9% during the 2nd quarter. Salomon & Ludwin LLC now owns 599,247 shares of the company’s stock worth $63,680,000 after purchasing an additional 16,773 shares during the period.

iShares Short-Term National Muni Bond ETF Price Performance

Shares of NYSEARCA SUB opened at $107.28 on Wednesday. The company’s fifty day moving average price is $106.88 and its 200 day moving average price is $106.79. iShares Short-Term National Muni Bond ETF has a 1 year low of $104.02 and a 1 year high of $107.35.

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.