iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Short Interest Down 43.0% in August

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 122,894 shares, a decrease of 43.0% from the August 15th total of 215,418 shares. Based on an average trading volume of 496,234 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

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

NYSEARCA:SUB opened at $105.47 on Tuesday. The stock has a fifty day moving average price of $106.12 and a 200 day moving average price of $106.39. iShares Short-Term National Muni Bond ETF has a 12-month low of $105.41 and a 12-month high of $107.51.

Hedge Funds Weigh In On iShares Short-Term National Muni Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SUB. TD Private Client Wealth LLC increased its stake in shares of iShares Short-Term National Muni Bond ETF by 26.8% during the fourth quarter. TD Private Client Wealth LLC now owns 132,212 shares of the company’s stock worth $14,107,000 after buying an additional 27,926 shares during the period. Janney Montgomery Scott LLC lifted its stake in iShares Short-Term National Muni Bond ETF by 10.2% in the first quarter. Janney Montgomery Scott LLC now owns 122,001 shares of the company’s stock worth $12,993,000 after acquiring an additional 11,319 shares during the last quarter. One Capital Management LLC lifted its stake in iShares Short-Term National Muni Bond ETF by 5.9% in the fourth quarter. One Capital Management LLC now owns 168,082 shares of the company’s stock worth $17,934,000 after acquiring an additional 9,352 shares during the last quarter. Root Financial Partners LLC grew its holdings in iShares Short-Term National Muni Bond ETF by 18.8% during the 1st quarter. Root Financial Partners LLC now owns 35,327 shares of the company’s stock worth $3,762,000 after acquiring an additional 5,584 shares in the last quarter. Finally, John A. Wolfe & Associates Inc. acquired a new position in iShares Short-Term National Muni Bond ETF during the 4th quarter worth approximately $51,951,000.

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.