Short Interest in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Grows By 571.9%

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 80,267 shares, a growth of 571.9% from the May 31st total of 11,947 shares. Based on an average daily volume of 197,452 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the shares of the stock are sold short.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

Shares of MEAR opened at $50.38 on Friday. The company has a 50-day moving average price of $50.29 and a two-hundred day moving average price of $50.36. iShares Short Maturity Municipal Bond Active ETF has a 12 month low of $50.12 and a 12 month high of $50.79.

Hedge Funds Weigh In On iShares Short Maturity Municipal Bond Active ETF

Several hedge funds and other institutional investors have recently modified their holdings of MEAR. Rockwood Wealth Management LLC grew its position in iShares Short Maturity Municipal Bond Active ETF by 3.9% in the first quarter. Rockwood Wealth Management LLC now owns 2,276,419 shares of the company’s stock valued at $114,595,000 after acquiring an additional 85,260 shares during the period. Resonant Capital Advisors LLC raised its stake in iShares Short Maturity Municipal Bond Active ETF by 21.4% during the first quarter. Resonant Capital Advisors LLC now owns 1,666,710 shares of the company’s stock worth $83,902,000 after acquiring an additional 293,492 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 16.8% during the fourth quarter. Captrust Financial Advisors now owns 1,470,159 shares of the company’s stock valued at $73,978,000 after acquiring an additional 211,363 shares during the period. Bank of America Corp DE boosted its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 20.9% in the 1st quarter. Bank of America Corp DE now owns 1,418,879 shares of the company’s stock valued at $71,426,000 after purchasing an additional 245,078 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 10.3% in the 4th quarter. LPL Financial LLC now owns 672,920 shares of the company’s stock valued at $33,861,000 after purchasing an additional 62,938 shares in the last quarter.

iShares Short Maturity Municipal Bond Active ETF Company Profile

The iShares Short Maturity Municipal Bond ETF (MEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund holds a portfolio of actively managed municipal bonds and targets a weighted average portfolio maturity of 3 years or less. MEAR was launched on Mar 3, 2015 and is managed by BlackRock.