iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Shares Shorted: Short Interest Down 66.4% in October

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 158,499 shares, a drop of 66.4% from the October 15th total of 471,905 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,227,661 shares, the days-to-cover ratio is presently 0.1 days.

iShares Short-Term National Muni Bond ETF Stock Down 0.0%

NYSEARCA:SUB traded down $0.05 on Friday, reaching $105.57. 579,139 shares of the stock traded hands, compared to its average volume of 690,715. iShares Short-Term National Muni Bond ETF has a 12 month low of $104.05 and a 12 month high of $107.51. The company’s fifty day simple moving average is $105.34 and its 200 day simple moving average is $106.25.

Institutional Investors Weigh In On iShares Short-Term National Muni Bond ETF

A number of institutional investors have recently made changes to their positions in the company. TIAA CREF Individual & Institutional Services LLC increased its position in shares of iShares Short-Term National Muni Bond ETF by 89.1% during the third quarter. TIAA CREF Individual & Institutional Services LLC now owns 1,537,318 shares of the company’s stock valued at $160,711,000 after acquiring an additional 724,207 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in iShares Short-Term National Muni Bond ETF in the 3rd quarter worth approximately $71,149,000. CX Institutional lifted its position in iShares Short-Term National Muni Bond ETF by 398.2% in the 3rd quarter. CX Institutional now owns 599,280 shares of the company’s stock valued at $62,649,000 after acquiring an additional 478,996 shares in the last quarter. Hughes Financial Services LLC bought a new position in iShares Short-Term National Muni Bond ETF in the 3rd quarter valued at approximately $8,112,000. Finally, North Star Investment Management Corp. bought a new position in iShares Short-Term National Muni Bond ETF in the 3rd quarter valued at approximately $5,241,000.

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.