iShares Short Duration Bond Active ETF (BATS:NEAR) Sets New 12-Month Low – What’s Next?

iShares Short Duration Bond Active ETF (BATS:NEAR) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $50.43 and last traded at $50.45, with a volume of 444128 shares traded. The stock had previously closed at $50.49.

iShares Short Duration Bond Active ETF Price Performance

The firm has a 50-day simple moving average of $50.61 and a 200 day simple moving average of $50.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NEAR. Peapack Gladstone Financial Corp boosted its position in iShares Short Duration Bond Active ETF by 142.1% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 185,057 shares of the company’s stock worth $9,456,000 after buying an additional 108,608 shares during the period. Quantinno Capital Management LP acquired a new position in iShares Short Duration Bond Active ETF in the 2nd quarter valued at approximately $500,000. Ausdal Financial Partners Inc. acquired a new position in iShares Short Duration Bond Active ETF in the 2nd quarter valued at approximately $278,000. Jane Street Group LLC raised its stake in shares of iShares Short Duration Bond Active ETF by 205.6% during the second quarter. Jane Street Group LLC now owns 45,100 shares of the company’s stock valued at $2,305,000 after acquiring an additional 30,340 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of iShares Short Duration Bond Active ETF by 22.3% during the second quarter. Ameriprise Financial Inc. now owns 918,189 shares of the company’s stock valued at $46,891,000 after acquiring an additional 167,210 shares during the last quarter.

About iShares Short Duration Bond Active ETF

The iShares Short Maturity Bond ETF (NEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund aims to maximize income and preserve capital using very short maturity, USD-denominated global fixed income securities in an actively-managed fund. NEAR was launched on Sep 25, 2013 and is managed by BlackRock.