iShares Short Duration Bond Active ETF (BATS:NEAR) Stock Short Interest Falls 46.6%

iShares Short Duration Bond Active ETF (BATS:NEAR) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 460,543 shares, a decrease of 46.6% from the August 31st total of 861,816 shares. Based on an average daily trading volume, of 642,629 shares, the short-interest ratio is currently 0.7 days. Approximately 0.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NEAR. First Bancorp Inc ME bought a new position in shares of iShares Short Duration Bond Active ETF in the second quarter worth $51,000. AdvisorNet Financial Inc boosted its stake in iShares Short Duration Bond Active ETF by 10.5% during the first quarter. AdvisorNet Financial Inc now owns 3,238 shares of the company’s stock valued at $165,000 after buying an additional 308 shares during the period. Birchwood Financial Partners Inc. purchased a new position in iShares Short Duration Bond Active ETF during the fourth quarter worth about $198,000. Sax Wealth Advisors LLC purchased a new position in iShares Short Duration Bond Active ETF during the second quarter worth about $212,000. Finally, Denver Wealth Management Inc. bought a new position in iShares Short Duration Bond Active ETF in the 4th quarter worth about $214,000.

iShares Short Duration Bond Active ETF Stock Performance

NEAR stock opened at $49.86 on Thursday. The firm has a 50 day moving average of $50.34 and a 200-day moving average of $50.56. iShares Short Duration Bond Active ETF has a 12 month low of $49.81 and a 12 month high of $51.37.

iShares Short Duration Bond Active ETF Company Profile

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.