iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Shares Shorted: Short Interest Up 76.8% in September

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 217,276 shares, a growth of 76.8% from the August 31st total of 122,894 shares. Based on an average trading volume of 612,914 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

iShares Short-Term National Muni Bond ETF Price Performance

Shares of NYSEARCA:SUB traded down $0.09 during trading on Tuesday, hitting $104.15. The company had a trading volume of 2,259,053 shares, compared to its average volume of 554,190. iShares Short-Term National Muni Bond ETF has a one year low of $104.05 and a one year high of $107.51. The company has a fifty day simple moving average of $105.87 and a two-hundred day simple moving average of $106.25.

Institutional Trading of iShares Short-Term National Muni Bond ETF

A number of institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its position in iShares Short-Term National Muni Bond ETF by 10.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 122,001 shares of the company’s stock worth $12,993,000 after purchasing an additional 11,319 shares during the period. One Capital Management LLC boosted its position in shares of iShares Short-Term National Muni Bond ETF by 5.9% during the fourth quarter. One Capital Management LLC now owns 168,082 shares of the company’s stock valued at $17,934,000 after buying an additional 9,352 shares during the period. John A. Wolfe & Associates Inc. purchased a new position in shares of iShares Short-Term National Muni Bond ETF during the fourth quarter valued at approximately $51,951,000. Root Financial Partners LLC boosted its position in shares of iShares Short-Term National Muni Bond ETF by 18.8% during the first quarter. Root Financial Partners LLC now owns 35,327 shares of the company’s stock valued at $3,762,000 after buying an additional 5,584 shares during the period. Finally, OLD Second National Bank of Aurora bought a new position in shares of iShares Short-Term National Muni Bond ETF during the first quarter valued at approximately $1,116,000.

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.