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

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 317,954 shares, an increase of 235.1% from the April 15th total of 94,873 shares. Based on an average trading volume of 407,752 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the company’s shares are short sold.

iShares Short-Term National Muni Bond ETF Trading Down 0.1%

Shares of NYSEARCA SUB traded down $0.15 during midday trading on Friday, reaching $106.14. The company had a trading volume of 415,339 shares, compared to its average volume of 546,857. iShares Short-Term National Muni Bond ETF has a one year low of $105.55 and a one year high of $107.51. The firm’s fifty day moving average price is $106.58 and its 200-day moving average price is $106.75.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Salomon & Ludwin LLC lifted its stake in shares of iShares Short-Term National Muni Bond ETF by 4.3% in the 4th quarter. Salomon & Ludwin LLC now owns 663,262 shares of the company’s stock valued at $70,851,000 after acquiring an additional 27,347 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of iShares Short-Term National Muni Bond ETF by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,309,707 shares of the company’s stock valued at $566,971,000 after acquiring an additional 112,381 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of iShares Short-Term National Muni Bond ETF by 89.9% in the 4th quarter. Farther Finance Advisors LLC now owns 43,158 shares of the company’s stock valued at $4,605,000 after acquiring an additional 20,436 shares during the last quarter. Crestwood Advisors Group LLC lifted its stake in shares of iShares Short-Term National Muni Bond ETF by 16.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 462,094 shares of the company’s stock valued at $49,342,000 after acquiring an additional 64,271 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of iShares Short-Term National Muni Bond ETF by 5.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 674,815 shares of the company’s stock valued at $72,003,000 after acquiring an additional 32,165 shares during the last quarter.

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.