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

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 86,417 shares, a drop of 36.4% from the May 14th total of 135,836 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 403,245 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors 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. Allstate Corp boosted 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 valued at $165,144,000 after purchasing an additional 1,500,244 shares in the last quarter. John A. Wolfe & Associates Inc. acquired a new stake in iShares Short-Term National Muni Bond ETF during the fourth quarter valued at approximately $51,951,000. Captrust Financial Advisors boosted its holdings in iShares Short-Term National Muni Bond ETF by 7.5% during the second quarter. Captrust Financial Advisors now owns 1,418,214 shares of the company’s stock valued at $150,813,000 after purchasing an additional 98,544 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in iShares Short-Term National Muni Bond ETF during the third quarter valued at approximately $10,403,000. Finally, Quent Long Short Global Small Cap Fund LP acquired a new position in shares of iShares Short-Term National Muni Bond ETF in the 4th quarter worth approximately $10,060,000.

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

Shares of NYSEARCA:SUB traded up $0.03 during midday trading on Wednesday, hitting $106.54. The company’s stock had a trading volume of 149,952 shares, compared to its average volume of 517,517. The stock’s 50 day simple moving average is $106.44 and its 200 day simple moving average is $106.74. iShares Short-Term National Muni Bond ETF has a fifty-two week low of $106.04 and a fifty-two week high of $107.51.

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.