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

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 50,675 shares, a decline of 44.0% from the June 15th total of 90,463 shares. Based on an average daily volume of 552,820 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

iShares Short-Term National Muni Bond ETF Stock Performance

NYSEARCA:SUB traded down $0.03 during mid-day trading on Friday, hitting $106.19. 244,844 shares of the stock traded hands, compared to its average volume of 518,686. iShares Short-Term National Muni Bond ETF has a 52 week low of $106.04 and a 52 week high of $107.51. The firm’s 50 day moving average is $106.35 and its two-hundred day moving average is $106.70.

Hedge Funds Weigh In On iShares Short-Term National Muni Bond ETF

A number of large investors have recently bought and sold shares of the business. Field & Main Bank increased its stake in iShares Short-Term National Muni Bond ETF by 18.4% in the fourth quarter. Field & Main Bank now owns 651 shares of the company’s stock worth $69,000 after purchasing an additional 101 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in iShares Short-Term National Muni Bond ETF by 1.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 8,664 shares of the company’s stock valued at $922,000 after purchasing an additional 110 shares in the last quarter. CoreCap Advisors LLC raised its position in iShares Short-Term National Muni Bond ETF by 2.8% during the 4th quarter. CoreCap Advisors LLC now owns 5,066 shares of the company’s stock valued at $541,000 after purchasing an additional 136 shares in the last quarter. Synergy Investment Management LLC lifted its holdings in shares of iShares Short-Term National Muni Bond ETF by 3.0% in the 4th quarter. Synergy Investment Management LLC now owns 5,332 shares of the company’s stock worth $569,000 after buying an additional 155 shares during the period. Finally, C M Bidwell & Associates Ltd. lifted its holdings in shares of iShares Short-Term National Muni Bond ETF by 2.2% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 9,262 shares of the company’s stock worth $988,000 after buying an additional 203 shares during the period.

About iShares Short-Term National Muni Bond ETF

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.