iShares Short Duration Bond Active ETF (BATS:NEAR) Sees Significant Drop in Short Interest

iShares Short Duration Bond Active ETF (BATS:NEAR) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 854,246 shares, a decrease of 34.6% from the May 14th total of 1,305,735 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average trading volume of 821,616 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of iShares Short Duration Bond Active ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Peapack Gladstone Financial Corp increased its stake in iShares Short Duration Bond Active ETF by 142.1% in the second quarter. Peapack Gladstone Financial Corp now owns 185,057 shares of the company’s stock valued at $9,456,000 after acquiring an additional 108,608 shares during the last quarter. Quantinno Capital Management LP bought a new stake in iShares Short Duration Bond Active ETF in the 2nd quarter worth approximately $500,000. Ausdal Financial Partners Inc. purchased a new stake in iShares Short Duration Bond Active ETF in the second quarter worth approximately $278,000. Jane Street Group LLC raised its stake in shares of iShares Short Duration Bond Active ETF by 205.6% during the second quarter. Jane Street Group LLC now owns 45,100 shares of the company’s stock worth $2,305,000 after acquiring an additional 30,340 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares Short Duration Bond Active ETF by 22.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 918,189 shares of the company’s stock worth $46,891,000 after acquiring an additional 167,210 shares during the last quarter.

iShares Short Duration Bond Active ETF Trading Up 0.0%

Shares of NEAR opened at $50.63 on Tuesday. iShares Short Duration Bond Active ETF has a 12-month low of $50.48 and a 12-month high of $51.37. The stock has a 50-day moving average price of $50.72 and a 200-day moving average price of $50.96.

iShares Short Duration Bond Active ETF Company Profile

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.