Investors Purchase Large Volume of iShares National Muni Bond ETF Put Options (NYSEARCA:MUB)

iShares National Muni Bond ETF (NYSEARCA:MUB) saw unusually large options trading activity on Monday. Traders purchased 5,011 put options on the company. This is an increase of 171% compared to the average daily volume of 1,851 put options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. IMG Wealth Management Inc. grew its position in iShares National Muni Bond ETF by 79.9% during the 1st quarter. IMG Wealth Management Inc. now owns 241 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 107 shares during the period. MBM Wealth Consultants LLC acquired a new position in shares of iShares National Muni Bond ETF in the 1st quarter valued at about $26,000. Asset Dedication LLC boosted its stake in shares of iShares National Muni Bond ETF by 9,833.3% in the first quarter. Asset Dedication LLC now owns 298 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 295 shares during the last quarter. Security National Bank of SO Dak purchased a new stake in shares of iShares National Muni Bond ETF in the second quarter worth about $37,000. Finally, First Bancorp Inc ME acquired a new stake in iShares National Muni Bond ETF during the second quarter worth about $38,000. 90.19% of the stock is currently owned by institutional investors and hedge funds.

iShares National Muni Bond ETF Stock Performance

Shares of NYSEARCA MUB opened at $101.02 on Wednesday. iShares National Muni Bond ETF has a 12 month low of $100.07 and a 12 month high of $109.00. The company has a 50 day simple moving average of $104.02 and a two-hundred day simple moving average of $105.81.

About iShares National Muni Bond ETF

iShares National AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P National AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P National AMT-Free Municipal Bond Index (the Index). The Index measures the performance of the 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.