iShares Short Duration Bond Active ETF (BATS:NEAR – Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 1,173,445 shares, a growth of 163.7% from the April 15th total of 445,018 shares. Based on an average daily volume of 655,831 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.8% of the shares of the company are short sold.
Institutional Investors Weigh In On iShares Short Duration Bond Active ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Kelleher Financial Advisors bought a new stake in iShares Short Duration Bond Active ETF during the third quarter valued at about $26,000. Godfrey Financial Associates Inc. purchased a new position in iShares Short Duration Bond Active ETF during the fourth quarter valued at approximately $35,000. MidAtlantic Capital Management Inc. bought a new position in shares of iShares Short Duration Bond Active ETF in the fourth quarter worth approximately $46,000. Tower Research Capital LLC TRC bought a new position in shares of iShares Short Duration Bond Active ETF in the second quarter worth approximately $76,000. Finally, Maseco LLP purchased a new stake in shares of iShares Short Duration Bond Active ETF in the fourth quarter worth $88,000.
iShares Short Duration Bond Active ETF Price Performance
NEAR opened at $50.67 on Friday. The company’s 50 day moving average is $50.81 and its 200 day moving average is $51.04. iShares Short Duration Bond Active ETF has a 12-month low of $50.58 and a 12-month high of $51.37.
iShares Short Duration Bond Active ETF Company Profile
The iShares Short Maturity Bond ETF (NEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund aims to maximize income and preserve capital using very short maturity, USD-denominated global fixed income securities in an actively-managed fund. NEAR was launched on Sep 25, 2013 and is managed by BlackRock.
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