iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Short Interest Up 235.1% in April

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 317,954 shares, a growth of 235.1% from the April 15th total of 94,873 shares. Based on an average trading volume of 407,752 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Investors 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 SUB. NewEdge Advisors LLC lifted its position in iShares Short-Term National Muni Bond ETF by 15.0% during the second quarter. NewEdge Advisors LLC now owns 64,591 shares of the company’s stock valued at $6,869,000 after acquiring an additional 8,430 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares Short-Term National Muni Bond ETF by 1.6% in the second quarter. Ameriprise Financial Inc. now owns 990,029 shares of the company’s stock worth $105,252,000 after buying an additional 15,207 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of iShares Short-Term National Muni Bond ETF in the second quarter worth $930,000. WFA of San Diego LLC purchased a new position in shares of iShares Short-Term National Muni Bond ETF in the second quarter worth $95,000. Finally, Captrust Financial Advisors raised its holdings in shares of iShares Short-Term National Muni Bond ETF by 7.5% in the second quarter. Captrust Financial Advisors now owns 1,418,214 shares of the company’s stock worth $150,813,000 after buying an additional 98,544 shares during the last quarter.

iShares Short-Term National Muni Bond ETF Trading Up 0.0%

NYSEARCA:SUB traded up $0.03 during midday trading on Thursday, reaching $106.29. 355,123 shares of the stock traded hands, compared to its average volume of 548,286. iShares Short-Term National Muni Bond ETF has a 12-month low of $105.49 and a 12-month high of $107.51. The business has a 50-day moving average of $106.60 and a two-hundred day moving average of $106.76.

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.