iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Sees Significant Increase in Short Interest

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 69,963 shares, a growth of 298.1% from the April 30th total of 17,573 shares. Based on an average daily trading volume, of 121,726 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of iShares Short Maturity Municipal Bond Active ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Rockwood Wealth Management LLC raised its stake in iShares Short Maturity Municipal Bond Active ETF by 3.9% during the 1st quarter. Rockwood Wealth Management LLC now owns 2,276,419 shares of the company’s stock valued at $114,595,000 after purchasing an additional 85,260 shares during the last quarter. Resonant Capital Advisors LLC raised its stake in iShares Short Maturity Municipal Bond Active ETF by 21.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 1,666,710 shares of the company’s stock valued at $83,902,000 after purchasing an additional 293,492 shares during the last quarter. Captrust Financial Advisors raised its stake in iShares Short Maturity Municipal Bond Active ETF by 16.8% during the 4th quarter. Captrust Financial Advisors now owns 1,470,159 shares of the company’s stock valued at $73,978,000 after purchasing an additional 211,363 shares during the last quarter. Bank of America Corp DE raised its stake in iShares Short Maturity Municipal Bond Active ETF by 20.9% during the 1st quarter. Bank of America Corp DE now owns 1,418,879 shares of the company’s stock valued at $71,426,000 after purchasing an additional 245,078 shares during the last quarter. Finally, LPL Financial LLC raised its stake in iShares Short Maturity Municipal Bond Active ETF by 10.3% during the 4th quarter. LPL Financial LLC now owns 672,920 shares of the company’s stock valued at $33,861,000 after purchasing an additional 62,938 shares during the last quarter.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

Shares of iShares Short Maturity Municipal Bond Active ETF stock opened at $50.30 on Friday. The firm has a fifty day simple moving average of $50.29 and a 200-day simple moving average of $50.37. iShares Short Maturity Municipal Bond Active ETF has a 1-year low of $50.03 and a 1-year high of $50.79.

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.