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

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 105,363 shares, a growth of 239.1% from the July 15th total of 31,067 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 414,036 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On iShares Short-Term National Muni Bond ETF

Several institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in iShares Short-Term National Muni Bond ETF by 15.0% during the 2nd quarter. NewEdge Advisors LLC now owns 64,591 shares of the company’s stock worth $6,869,000 after buying an additional 8,430 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of iShares Short-Term National Muni Bond ETF by 1.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 990,029 shares of the company’s stock valued at $105,252,000 after buying an additional 15,207 shares during the period. BNP Paribas Financial Markets purchased a new position in iShares Short-Term National Muni Bond ETF in the second quarter worth $930,000. WFA of San Diego LLC acquired a new position in shares of iShares Short-Term National Muni Bond ETF during the 2nd quarter worth $95,000. Finally, Captrust Financial Advisors increased its holdings in shares of iShares Short-Term National Muni Bond ETF by 7.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,418,214 shares of the company’s stock valued at $150,813,000 after purchasing an additional 98,544 shares in the last quarter.

iShares Short-Term National Muni Bond ETF Price Performance

NYSEARCA:SUB traded up $0.04 during midday trading on Thursday, hitting $106.35. 162,073 shares of the company were exchanged, compared to its average volume of 506,859. The company has a fifty day simple moving average of $106.29 and a 200 day simple moving average of $106.59. iShares Short-Term National Muni Bond ETF has a fifty-two week low of $105.70 and a fifty-two week high of $107.51.

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.