Short Interest in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Increases By 890.0%

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 17,573 shares, an increase of 890.0% from the April 15th total of 1,775 shares. Based on an average trading volume of 107,312 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

iShares Short Maturity Municipal Bond Active ETF Price Performance

Shares of iShares Short Maturity Municipal Bond Active ETF stock opened at $50.28 on Tuesday. The stock has a 50 day moving average of $50.35 and a 200 day moving average of $50.38. iShares Short Maturity Municipal Bond Active ETF has a 12 month low of $49.98 and a 12 month high of $50.79.

Hedge Funds Weigh In On iShares Short Maturity Municipal Bond Active ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MEAR. Captrust Financial Advisors boosted its stake in iShares Short Maturity Municipal Bond Active ETF by 115.3% during the third quarter. Captrust Financial Advisors now owns 1,258,796 shares of the company’s stock valued at $63,582,000 after buying an additional 674,207 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in iShares Short Maturity Municipal Bond Active ETF by 725.3% during the first quarter. Bank of New York Mellon Corp now owns 428,835 shares of the company’s stock valued at $21,588,000 after buying an additional 376,871 shares during the last quarter. Resonant Capital Advisors LLC boosted its stake in iShares Short Maturity Municipal Bond Active ETF by 21.4% during the first quarter. Resonant Capital Advisors LLC now owns 1,666,710 shares of the company’s stock valued at $83,902,000 after buying an additional 293,492 shares during the last quarter. Cetera Investment Advisers boosted its stake in iShares Short Maturity Municipal Bond Active ETF by 138.2% during the fourth quarter. Cetera Investment Advisers now owns 485,302 shares of the company’s stock valued at $24,420,000 after buying an additional 281,524 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in iShares Short Maturity Municipal Bond Active ETF by 21.4% during the second quarter. Bank of America Corp DE now owns 1,149,777 shares of the company’s stock valued at $57,799,000 after purchasing an additional 202,654 shares during the last quarter.

iShares Short Maturity Municipal Bond Active ETF Company Profile

The iShares Short Maturity Municipal Bond ETF (MEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund holds a portfolio of actively managed municipal bonds and targets a weighted average portfolio maturity of 3 years or less. MEAR was launched on Mar 3, 2015 and is managed by BlackRock.