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

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 215,418 shares, a growth of 104.5% from the July 30th total of 105,363 shares. Based on an average daily trading volume, of 445,135 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its holdings in shares of iShares Short-Term National Muni Bond ETF by 1.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 8,664 shares of the company’s stock worth $922,000 after acquiring an additional 110 shares during the last quarter. Synergy Investment Management LLC lifted its holdings in iShares Short-Term National Muni Bond ETF by 3.0% during the 4th quarter. Synergy Investment Management LLC now owns 5,332 shares of the company’s stock valued at $569,000 after purchasing an additional 155 shares during the last quarter. C M Bidwell & Associates Ltd. boosted its position in iShares Short-Term National Muni Bond ETF by 2.2% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 9,262 shares of the company’s stock worth $988,000 after purchasing an additional 203 shares during the period. Brown Brothers Harriman & Co. bought a new position in iShares Short-Term National Muni Bond ETF during the fourth quarter worth $25,000. Finally, Strategic Investment Solutions Inc. IL increased its holdings in shares of iShares Short-Term National Muni Bond ETF by 16.3% in the second quarter. Strategic Investment Solutions Inc. IL now owns 1,976 shares of the company’s stock valued at $211,000 after purchasing an additional 277 shares during the last quarter.

iShares Short-Term National Muni Bond ETF Price Performance

SUB traded down $0.06 during trading on Friday, reaching $106.30. 423,703 shares of the stock were exchanged, compared to its average volume of 507,591. The stock’s 50 day moving average price is $106.25 and its two-hundred day moving average price is $106.52. iShares Short-Term National Muni Bond ETF has a twelve month low of $105.70 and a twelve month high of $107.51.

iShares Short-Term National Muni Bond ETF Company Profile

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.