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

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 178,572 shares, a drop of 91.8% from the January 15th total of 2,187,346 shares. Based on an average trading volume of 590,499 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 590,499 shares, the days-to-cover ratio is presently 0.3 days.

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

NYSEARCA SUB traded up $0.04 during trading on Tuesday, reaching $107.28. 374,960 shares of the stock traded hands, compared to its average volume of 695,461. iShares Short-Term National Muni Bond ETF has a fifty-two week low of $104.02 and a fifty-two week high of $107.35. The stock’s 50-day moving average price is $106.88 and its 200 day moving average price is $106.79.

Institutional Trading of iShares Short-Term National Muni Bond ETF

A number of large investors have recently made changes to their positions in the company. Allstate Corp lifted its holdings in iShares Short-Term National Muni Bond ETF by 3,158.4% during the fourth quarter. Allstate Corp now owns 1,547,744 shares of the company’s stock worth $165,144,000 after acquiring an additional 1,500,244 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of iShares Short-Term National Muni Bond ETF by 20.1% in the second quarter. Bank of New York Mellon Corp now owns 5,197,326 shares of the company’s stock worth $552,684,000 after acquiring an additional 870,595 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of iShares Short-Term National Muni Bond ETF by 220.5% during the third quarter. Nisa Investment Advisors LLC now owns 642,650 shares of the company’s stock worth $68,622,000 after purchasing an additional 442,145 shares during the period. Crestwood Advisors Group LLC lifted its holdings in shares of iShares Short-Term National Muni Bond ETF by 730.8% during the 2nd quarter. Crestwood Advisors Group LLC now owns 397,823 shares of the company’s stock valued at $42,304,000 after purchasing an additional 349,936 shares in the last quarter. Finally, TIAA Trust National Association lifted its holdings in shares of iShares Short-Term National Muni Bond ETF by 9.0% during the 2nd quarter. TIAA Trust National Association now owns 3,412,277 shares of the company’s stock valued at $362,861,000 after purchasing an additional 281,169 shares in the last quarter.

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.