Short Interest in iShares Short Duration Bond Active ETF (BATS:NEAR) Drops By 34.6%

iShares Short Duration Bond Active ETF (BATS:NEAR) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 854,246 shares, a drop of 34.6% from the May 14th total of 1,305,735 shares. Based on an average daily volume of 821,616 shares, the short-interest ratio is currently 1.0 days. Currently, 1.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares Short Duration Bond Active ETF

A number of institutional investors have recently modified their holdings of NEAR. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Short Duration Bond Active ETF by 2,461.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,833,023 shares of the company’s stock worth $195,867,000 after acquiring an additional 3,683,358 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in shares of iShares Short Duration Bond Active ETF by 269.2% in the fourth quarter. Axxcess Wealth Management LLC now owns 715,788 shares of the company’s stock worth $36,577,000 after acquiring an additional 521,925 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of iShares Short Duration Bond Active ETF by 94.9% in the first quarter. NewEdge Advisors LLC now owns 914,401 shares of the company’s stock worth $46,484,000 after acquiring an additional 445,163 shares during the last quarter. Corient Private Wealth LLC bought a new position in shares of iShares Short Duration Bond Active ETF in the second quarter worth about $15,660,000. Finally, Bank of America Corp DE raised its stake in shares of iShares Short Duration Bond Active ETF by 8.8% in the second quarter. Bank of America Corp DE now owns 3,503,322 shares of the company’s stock worth $179,020,000 after acquiring an additional 284,084 shares during the last quarter.

iShares Short Duration Bond Active ETF Price Performance

Shares of NEAR stock opened at $50.65 on Wednesday. iShares Short Duration Bond Active ETF has a 12-month low of $50.48 and a 12-month high of $51.37. The firm has a 50-day moving average price of $50.72 and a 200 day moving average price of $50.95.

About iShares Short Duration Bond Active ETF

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.