iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Short Interest Down 66.6% in May

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 220,461 shares, a decline of 66.6% from the May 14th total of 659,727 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 1,268,692 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of iShares Ultra Short-Term Bond Active ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its position in shares of iShares Ultra Short-Term Bond Active ETF by 13.5% in the third quarter. Bank of America Corp DE now owns 4,532,294 shares of the company’s stock worth $230,014,000 after buying an additional 538,131 shares during the period. Foster Dykema Cabot & Partners LLC boosted its position in iShares Ultra Short-Term Bond Active ETF by 84.7% during the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 4,025,851 shares of the company’s stock valued at $203,628,000 after purchasing an additional 1,846,242 shares during the last quarter. UBS Group AG boosted its position in iShares Ultra Short-Term Bond Active ETF by 6.7% during the fourth quarter. UBS Group AG now owns 4,022,450 shares of the company’s stock valued at $203,456,000 after purchasing an additional 251,028 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in iShares Ultra Short-Term Bond Active ETF by 6.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,892,552 shares of the company’s stock valued at $146,363,000 after purchasing an additional 177,744 shares during the last quarter. Finally, LPL Financial LLC boosted its position in iShares Ultra Short-Term Bond Active ETF by 16.1% during the fourth quarter. LPL Financial LLC now owns 2,887,396 shares of the company’s stock valued at $146,044,000 after purchasing an additional 400,009 shares during the last quarter.

iShares Ultra Short-Term Bond Active ETF Stock Performance

Shares of BATS ICSH traded up $0.01 during mid-day trading on Friday, reaching $50.51. The company had a trading volume of 345,615 shares, compared to its average volume of 1,725,494. The company has a 50-day moving average price of $50.53 and a two-hundred day moving average price of $50.59. iShares Ultra Short-Term Bond Active ETF has a 1-year low of $50.43 and a 1-year high of $50.77.

About iShares Ultra Short-Term Bond Active ETF

The iShares Ultra Short-Term Bond ETF (ICSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in broad market, investment-grade bonds with ultra-short-term maturity. ICSH was launched on Dec 11, 2013 and is managed by BlackRock.