iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Short Interest Up 235.1% in April

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 317,954 shares, an increase of 235.1% from the April 15th total of 94,873 shares. Based on an average daily volume of 407,752 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the company’s stock are short sold.

iShares Short-Term National Muni Bond ETF Price Performance

Shares of NYSEARCA SUB traded up $0.03 during midday trading on Thursday, reaching $106.29. 355,123 shares of the company’s stock traded hands, compared to its average volume of 548,286. The stock’s 50 day simple moving average is $106.60 and its 200-day simple moving average is $106.76. iShares Short-Term National Muni Bond ETF has a one year low of $105.49 and a one year high of $107.51.

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

A number of hedge funds and other institutional investors have recently modified their holdings of SUB. Bank of New York Mellon Corp lifted its position in iShares Short-Term National Muni Bond ETF by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 5,309,707 shares of the company’s stock valued at $566,971,000 after acquiring an additional 112,381 shares during the last quarter. Allstate Corp lifted its position in iShares Short-Term National Muni Bond ETF by 3,158.4% during the fourth quarter. Allstate Corp now owns 1,547,744 shares of the company’s stock valued at $165,144,000 after acquiring an additional 1,500,244 shares during the last quarter. Captrust Financial Advisors lifted its position in iShares Short-Term National Muni Bond ETF by 7.5% during the second quarter. Captrust Financial Advisors now owns 1,418,214 shares of the company’s stock valued at $150,813,000 after acquiring an additional 98,544 shares during the last quarter. Ameriprise Financial Inc. lifted its position in iShares Short-Term National Muni Bond ETF by 3.0% during the third quarter. Ameriprise Financial Inc. now owns 1,019,871 shares of the company’s stock valued at $108,598,000 after acquiring an additional 29,842 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in iShares Short-Term National Muni Bond ETF by 5.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 674,815 shares of the company’s stock valued at $72,003,000 after acquiring an additional 32,165 shares during the last quarter.

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.