Short Interest in iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Drops By 44.0%

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 50,675 shares, a drop of 44.0% from the June 15th total of 90,463 shares. Based on an average trading volume of 552,820 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL increased its stake in iShares Short-Term National Muni Bond ETF by 16.3% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 1,976 shares of the company’s stock valued at $211,000 after buying an additional 277 shares during the period. GAMMA Investing LLC lifted its stake in shares of iShares Short-Term National Muni Bond ETF by 23.6% in the 2nd quarter. GAMMA Investing LLC now owns 221,849 shares of the company’s stock worth $23,620,000 after acquiring an additional 42,291 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of iShares Short-Term National Muni Bond ETF by 1.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 8,664 shares of the company’s stock worth $922,000 after acquiring an additional 110 shares during the period. CX Institutional lifted its stake in shares of iShares Short-Term National Muni Bond ETF by 4,425.4% in the 2nd quarter. CX Institutional now owns 120,284 shares of the company’s stock worth $12,807,000 after acquiring an additional 117,626 shares during the period. Finally, Arkadios Wealth Advisors boosted its holdings in shares of iShares Short-Term National Muni Bond ETF by 236.9% in the first quarter. Arkadios Wealth Advisors now owns 8,228 shares of the company’s stock valued at $876,000 after acquiring an additional 5,786 shares in the last quarter.

iShares Short-Term National Muni Bond ETF Stock Performance

Shares of NYSEARCA:SUB remained flat at $106.22 during trading on Thursday. The stock had a trading volume of 364,422 shares, compared to its average volume of 520,792. The firm’s fifty day moving average price is $106.36 and its two-hundred day moving average price is $106.70. iShares Short-Term National Muni Bond ETF has a 1-year low of $106.04 and a 1-year high of $107.51.

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.