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) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 217,276 shares, an increase of 76.8% from the August 31st total of 122,894 shares. Based on an average daily volume of 612,914 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

iShares Short-Term National Muni Bond ETF Stock Down 0.1%

Shares of SUB traded down $0.09 during trading hours on Tuesday, reaching $104.15. 2,259,053 shares of the company traded hands, compared to its average volume of 554,190. iShares Short-Term National Muni Bond ETF has a 12-month low of $104.05 and a 12-month high of $107.51. The stock’s fifty day moving average price is $105.87 and its 200 day moving average price is $106.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rothschild Investment LLC lifted its holdings in shares of iShares Short-Term National Muni Bond ETF by 13,400.0% in the 4th quarter. Rothschild Investment LLC now owns 405 shares of the company’s stock worth $43,000 after buying an additional 402 shares during the period. Monetary Solutions Ltd bought a new position in shares of iShares Short-Term National Muni Bond ETF during the 4th quarter worth $54,000. NBH Bank purchased a new position in shares of iShares Short-Term National Muni Bond ETF during the second quarter valued at $104,000. Compass Financial Management LLC purchased a new position in shares of iShares Short-Term National Muni Bond ETF during the second quarter valued at $126,000. Finally, Cornerstone Financial Management LLC bought a new stake in shares of iShares Short-Term National Muni Bond ETF in the fourth quarter valued at about $158,000.

iShares Short-Term National Muni Bond ETF Company Profile

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.