iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Short Interest Up 660.8% in January

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,187,346 shares, an increase of 660.8% from the December 31st total of 287,494 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average daily volume of 964,047 shares, the short-interest ratio is presently 2.3 days. Based on an average daily volume of 964,047 shares, the short-interest ratio is presently 2.3 days. Currently, 2.2% of the shares of the stock are sold short.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Baird Financial Group Inc. boosted its stake in shares of iShares Short-Term National Muni Bond ETF by 10.3% in the 2nd quarter. Baird Financial Group Inc. now owns 68,148 shares of the company’s stock valued at $7,247,000 after purchasing an additional 6,379 shares during the last quarter. GAMMA Investing LLC lifted its holdings in iShares Short-Term National Muni Bond ETF by 9.1% in the third quarter. GAMMA Investing LLC now owns 153,373 shares of the company’s stock valued at $16,377,000 after buying an additional 12,763 shares during the period. Janney Montgomery Scott LLC boosted its position in iShares Short-Term National Muni Bond ETF by 48.2% during the second quarter. Janney Montgomery Scott LLC now owns 90,007 shares of the company’s stock valued at $9,571,000 after acquiring an additional 29,284 shares during the last quarter. Strategic Blueprint LLC grew its holdings in iShares Short-Term National Muni Bond ETF by 73.7% during the 3rd quarter. Strategic Blueprint LLC now owns 12,955 shares of the company’s stock worth $1,383,000 after acquiring an additional 5,498 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of iShares Short-Term National Muni Bond ETF by 220.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 642,650 shares of the company’s stock worth $68,622,000 after acquiring an additional 442,145 shares in the last quarter.

iShares Short-Term National Muni Bond ETF Stock Performance

Shares of NYSEARCA SUB traded up $0.05 during midday trading on Wednesday, reaching $107.26. 391,157 shares of the company were exchanged, compared to its average volume of 811,592. The stock’s 50-day moving average price is $106.76 and its 200-day moving average price is $106.74. iShares Short-Term National Muni Bond ETF has a one year low of $104.02 and a one year high of $107.32.

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.