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

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 135,836 shares, a drop of 57.3% from the April 30th total of 317,954 shares. Based on an average daily volume of 426,625 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

iShares Short-Term National Muni Bond ETF Stock Performance

Shares of SUB remained flat at $106.33 during midday trading on Tuesday. The stock had a trading volume of 513,483 shares, compared to its average volume of 533,980. iShares Short-Term National Muni Bond ETF has a one year low of $105.69 and a one year high of $107.51. The company’s 50 day moving average price is $106.44 and its two-hundred day moving average price is $106.75.

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

A number of institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. bought a new stake in iShares Short-Term National Muni Bond ETF during the 4th quarter worth approximately $25,000. Rothschild Investment LLC increased its holdings in iShares Short-Term National Muni Bond ETF by 13,400.0% during the 4th quarter. Rothschild Investment LLC now owns 405 shares of the company’s stock worth $43,000 after purchasing an additional 402 shares in the last quarter. Monetary Solutions Ltd bought a new stake in iShares Short-Term National Muni Bond ETF during the 4th quarter worth approximately $54,000. Field & Main Bank increased its holdings in iShares Short-Term National Muni Bond ETF by 18.4% during the 4th quarter. Field & Main Bank now owns 651 shares of the company’s stock worth $69,000 after purchasing an additional 101 shares in the last quarter. Finally, Collier Financial bought a new stake in iShares Short-Term National Muni Bond ETF during the 3rd quarter worth approximately $82,000.

iShares Short-Term National Muni Bond ETF Company Profile

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.