iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Sees Large Increase in Short Interest

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 191,092 shares, a growth of 2,249.0% from the September 15th total of 8,135 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 407,456 shares, the days-to-cover ratio is currently 0.5 days.

iShares Short Maturity Municipal Bond Active ETF Price Performance

Shares of BATS MEAR traded up $0.05 during trading on Friday, hitting $49.68. 483,173 shares of the company traded hands, compared to its average volume of 198,393. The business’s fifty day moving average is $50.00 and its 200 day moving average is $50.18. iShares Short Maturity Municipal Bond Active ETF has a fifty-two week low of $49.48 and a fifty-two week high of $50.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Advisors Wealth Management LLC bought a new position in iShares Short Maturity Municipal Bond Active ETF in the 3rd quarter valued at $1,159,000. Farther Finance Advisors LLC bought a new stake in iShares Short Maturity Municipal Bond Active ETF in the third quarter worth about $439,000. Titleist Asset Management LLC purchased a new position in iShares Short Maturity Municipal Bond Active ETF in the third quarter valued at about $2,650,000. Valeo Financial Advisors LLC purchased a new position in iShares Short Maturity Municipal Bond Active ETF in the third quarter valued at about $1,398,000. Finally, Fig Financial Advisory Services Inc. ADV bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter valued at approximately $250,000.

iShares Short Maturity Municipal Bond Active ETF Company Profile

The iShares Short Maturity Municipal Bond ETF (MEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund holds a portfolio of actively managed municipal bonds and targets a weighted average portfolio maturity of 3 years or less. MEAR was launched on Mar 3, 2015 and is managed by BlackRock.