iShares National Muni Bond ETF (NYSEARCA:MUB) Stock Short Interest Jumps 48.1%

iShares National Muni Bond ETF (NYSEARCA:MUB) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 11,953,104 shares, a growth of 48.1% from the August 31st total of 8,073,285 shares. Based on an average daily volume of 11,513,945 shares, the short-interest ratio is presently 1.0 days. Approximately 2.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC lifted its holdings in iShares National Muni Bond ETF by 21.5% in the first quarter. Checchi Capital Advisers LLC now owns 47,229 shares of the exchange traded fund’s stock worth $5,013,000 after purchasing an additional 8,356 shares during the period. Triad Wealth Partners LLC increased its stake in iShares National Muni Bond ETF by 44.0% during the 1st quarter. Triad Wealth Partners LLC now owns 100,580 shares of the exchange traded fund’s stock valued at $10,677,000 after buying an additional 30,724 shares during the period. Vicus Capital increased its stake in iShares National Muni Bond ETF by 4.1% during the 1st quarter. Vicus Capital now owns 183,680 shares of the exchange traded fund’s stock valued at $19,498,000 after buying an additional 7,189 shares during the period. MidFirst Bank bought a new stake in shares of iShares National Muni Bond ETF during the 4th quarter worth about $3,565,000. Finally, Private Advisor Group LLC raised its position in shares of iShares National Muni Bond ETF by 9.2% during the 1st quarter. Private Advisor Group LLC now owns 295,321 shares of the exchange traded fund’s stock worth $31,348,000 after buying an additional 24,932 shares in the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Performance

NYSEARCA:MUB traded up $0.20 during trading hours on Friday, reaching $101.53. 5,722,867 shares of the company were exchanged, compared to its average volume of 5,059,991. The stock has a 50 day simple moving average of $104.30 and a 200 day simple moving average of $105.94. iShares National Muni Bond ETF has a 52-week low of $100.07 and a 52-week high of $109.00.

About iShares National Muni Bond ETF

iShares National AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P National AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P National AMT-Free Municipal Bond Index (the Index). The Index measures the performance of the 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.