iShares Short Duration Bond Active ETF (BATS:NEAR) Sees Large Decline in Short Interest

iShares Short Duration Bond Active ETF (BATS:NEAR) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 186,160 shares, a decline of 78.2% from the May 31st total of 854,246 shares. Based on an average trading volume of 481,445 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

iShares Short Duration Bond Active ETF Price Performance

NEAR stock opened at $50.69 on Monday. The stock’s 50 day simple moving average is $50.69 and its 200 day simple moving average is $50.92. iShares Short Duration Bond Active ETF has a 12-month low of $50.48 and a 12-month high of $51.37.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NEAR. Investment Advisory Group LLC increased its holdings in iShares Short Duration Bond Active ETF by 1.1% in the 4th quarter. Investment Advisory Group LLC now owns 18,053 shares of the company’s stock worth $923,000 after buying an additional 200 shares in the last quarter. Fortis Advisors LLC grew its stake in shares of iShares Short Duration Bond Active ETF by 1.6% in the fourth quarter. Fortis Advisors LLC now owns 14,489 shares of the company’s stock worth $740,000 after acquiring an additional 226 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of iShares Short Duration Bond Active ETF by 11.2% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,293 shares of the company’s stock worth $117,000 after acquiring an additional 231 shares during the period. Lane Brothers & Co. Inc. grew its stake in shares of iShares Short Duration Bond Active ETF by 1.5% in the first quarter. Lane Brothers & Co. Inc. now owns 17,676 shares of the company’s stock worth $899,000 after acquiring an additional 260 shares during the period. Finally, AdvisorNet Financial Inc raised its holdings in shares of iShares Short Duration Bond Active ETF by 10.5% during the first quarter. AdvisorNet Financial Inc now owns 3,238 shares of the company’s stock valued at $165,000 after purchasing an additional 308 shares during the last quarter.

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.