iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Short Interest Down 57.3% in May

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SUB. Salomon & Ludwin LLC increased its stake in 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 last quarter. Farther Finance Advisors LLC increased its stake in iShares Short-Term National Muni Bond ETF by 89.9% in the fourth quarter. Farther Finance Advisors LLC now owns 43,158 shares of the company’s stock valued at $4,605,000 after acquiring an additional 20,436 shares during the last quarter. Crestwood Advisors Group LLC increased its stake in 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 valued at $49,342,000 after acquiring an additional 64,271 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in 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 valued at $72,003,000 after acquiring an additional 32,165 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC increased its stake in iShares Short-Term National Muni Bond ETF by 5.4% in the third quarter. Prime Capital Investment Advisors LLC now owns 141,259 shares of the company’s stock valued at $15,084,000 after acquiring an additional 7,222 shares during the last quarter.

iShares Short-Term National Muni Bond ETF Price Performance

Shares of NYSEARCA:SUB traded down $0.17 during midday trading on Monday, reaching $106.33. The company’s stock had a trading volume of 513,483 shares, compared to its average volume of 533,980. iShares Short-Term National Muni Bond ETF has a 1 year low of $105.69 and a 1 year high of $107.51. The business has a 50 day moving average price of $106.44 and a 200 day moving average price of $106.75.

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.