iShares National Muni Bond ETF (NYSEARCA:MUB) Sees Significant Growth in Short Interest

iShares National Muni Bond ETF (NYSEARCA:MUB) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 11,953,104 shares, an increase of 48.1% from the August 31st total of 8,073,285 shares. Based on an average daily volume of 11,513,945 shares, the short-interest ratio is presently 1.0 days. Currently, 2.7% of the company’s stock are short sold.

iShares National Muni Bond ETF Trading Up 0.2%

Shares of NYSEARCA MUB traded up $0.24 during trading hours on Thursday, hitting $101.34. The company had a trading volume of 18,719,175 shares, compared to its average volume of 5,059,217. iShares National Muni Bond ETF has a 1-year low of $100.07 and a 1-year high of $109.00. The firm’s 50 day moving average is $104.38 and its 200-day moving average is $105.98.

Hedge Funds Weigh In On iShares National Muni Bond ETF

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in shares of iShares National Muni Bond ETF by 12.8% during the 1st quarter. Bank of America Corp DE now owns 42,113,660 shares of the exchange traded fund’s stock worth $4,470,365,000 after acquiring an additional 4,763,839 shares during the period. Envestnet Asset Management Inc. raised its stake in iShares National Muni Bond ETF by 5.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,585,152 shares of the exchange traded fund’s stock valued at $1,892,488,000 after acquiring an additional 880,501 shares during the period. LPL Financial LLC raised its stake in iShares National Muni Bond ETF by 6.0% in the 4th quarter. LPL Financial LLC now owns 11,099,309 shares of the exchange traded fund’s stock valued at $1,188,847,000 after acquiring an additional 632,378 shares during the period. Fifth Third Bancorp lifted its holdings in iShares National Muni Bond ETF by 377.8% during the 1st quarter. Fifth Third Bancorp now owns 537,049 shares of the exchange traded fund’s stock valued at $57,008,000 after purchasing an additional 424,640 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in iShares National Muni Bond ETF by 14.9% during the 1st quarter. Cetera Investment Advisers now owns 3,210,936 shares of the exchange traded fund’s stock valued at $340,841,000 after purchasing an additional 416,372 shares during the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Company Profile

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.