iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Sees Large Drop in Short Interest

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 135,836 shares, a decrease of 57.3% from the April 30th total of 317,954 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 426,625 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On iShares Short-Term National Muni Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SUB. Salomon & Ludwin LLC increased its position in shares of iShares Short-Term National Muni Bond ETF by 4.3% in the fourth quarter. Salomon & Ludwin LLC now owns 663,262 shares of the company’s stock valued at $70,851,000 after acquiring an additional 27,347 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of iShares Short-Term National Muni Bond ETF by 89.9% during the fourth quarter. Farther Finance Advisors LLC now owns 43,158 shares of the company’s stock worth $4,605,000 after purchasing an additional 20,436 shares during the period. Crestwood Advisors Group LLC grew its stake in shares of iShares Short-Term National Muni Bond ETF by 16.2% in the third quarter. Crestwood Advisors Group LLC now owns 462,094 shares of the company’s stock worth $49,342,000 after purchasing an additional 64,271 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of iShares Short-Term National Muni Bond ETF by 5.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 674,815 shares of the company’s stock worth $72,003,000 after purchasing an additional 32,165 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC increased its holdings in iShares Short-Term National Muni Bond ETF by 5.4% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 141,259 shares of the company’s stock valued at $15,084,000 after purchasing an additional 7,222 shares during the period.

iShares Short-Term National Muni Bond ETF Price Performance

SUB traded up $0.02 on Friday, hitting $106.50. 565,114 shares of the company were exchanged, compared to its average volume of 534,182. The firm has a fifty day simple moving average of $106.45 and a two-hundred day simple moving average of $106.75. iShares Short-Term National Muni Bond ETF has a 12 month low of $105.69 and a 12 month 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.