iShares Long-Term National Muni Bond ETF (NYSEARCA:LMUB) Sees Significant Drop in Short Interest

iShares Long-Term National Muni Bond ETF (NYSEARCA:LMUB) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 36,957 shares, a decrease of 65.2% from the July 15th total of 106,224 shares. Based on an average trading volume of 397,543 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On iShares Long-Term National Muni Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. CoreCap Advisors LLC acquired a new stake in shares of iShares Long-Term National Muni Bond ETF during the 2nd quarter valued at approximately $75,000. Indiana Trust & Investment Management Co acquired a new stake in shares of iShares Long-Term National Muni Bond ETF in the 1st quarter worth approximately $87,000. Merkkuri Wealth Advisors LLC purchased a new position in iShares Long-Term National Muni Bond ETF in the 1st quarter valued at approximately $140,000. Western Wealth Management LLC purchased a new position in iShares Long-Term National Muni Bond ETF in the 1st quarter valued at approximately $141,000. Finally, Raleigh Capital Management Inc. acquired a new position in iShares Long-Term National Muni Bond ETF during the first quarter worth $205,000.

iShares Long-Term National Muni Bond ETF Price Performance

Shares of NYSEARCA LMUB traded down $0.17 during trading on Friday, hitting $49.93. 41,604 shares of the company were exchanged, compared to its average volume of 348,779. iShares Long-Term National Muni Bond ETF has a 1 year low of $48.00 and a 1 year high of $53.52. The firm’s fifty day moving average price is $50.52 and its 200 day moving average price is $50.54.

About iShares Long-Term National Muni Bond ETF

The iShares Long-Term National Muni Bond ETF (LMUB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is passively managed to track an index composed of investment-grade US municipal bonds with remaining maturities of 12 years or more. Securities are selected based on credit quality and duration LMUB was launched on Mar 17, 2025 and is issued by BlackRock.