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

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 217,276 shares, a growth of 76.8% from the August 31st total of 122,894 shares. Based on an average daily trading volume, of 612,914 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

iShares Short-Term National Muni Bond ETF Price Performance

Shares of SUB traded up $0.14 during mid-day trading on Thursday, hitting $104.67. The stock had a trading volume of 313,789 shares, compared to its average volume of 562,456. The company’s fifty day simple moving average is $105.80 and its two-hundred day simple moving average is $106.21. iShares Short-Term National Muni Bond ETF has a fifty-two week low of $104.05 and a fifty-two week high of $107.51.

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

Several large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in iShares Short-Term National Muni Bond ETF by 10.2% during the first quarter. Janney Montgomery Scott LLC now owns 122,001 shares of the company’s stock valued at $12,993,000 after purchasing an additional 11,319 shares during the last quarter. One Capital Management LLC lifted its position in shares of iShares Short-Term National Muni Bond ETF by 5.9% in the 4th quarter. One Capital Management LLC now owns 168,082 shares of the company’s stock worth $17,934,000 after buying an additional 9,352 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of iShares Short-Term National Muni Bond ETF by 18.8% in the 1st quarter. Root Financial Partners LLC now owns 35,327 shares of the company’s stock worth $3,762,000 after buying an additional 5,584 shares during the last quarter. John A. Wolfe & Associates Inc. acquired a new position in shares of iShares Short-Term National Muni Bond ETF in the 4th quarter valued at about $51,951,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of iShares Short-Term National Muni Bond ETF by 36.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 23,364 shares of the company’s stock valued at $2,488,000 after buying an additional 6,232 shares during the period.

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.