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

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 215,418 shares, a growth of 104.5% from the July 30th total of 105,363 shares. Based on an average daily trading volume, of 445,135 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are short sold.

iShares Short-Term National Muni Bond ETF Stock Performance

SUB opened at $106.30 on Monday. The stock has a 50-day moving average of $106.25 and a 200-day moving average of $106.52. iShares Short-Term National Muni Bond ETF has a 52-week low of $105.70 and a 52-week high of $107.51.

Institutional Trading of iShares Short-Term National Muni Bond ETF

A number of hedge funds have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. bought a new position in shares of iShares Short-Term National Muni Bond ETF during the 4th quarter worth about $25,000. Rothschild Investment LLC lifted its stake in shares of iShares Short-Term National Muni Bond ETF by 13,400.0% in the fourth quarter. Rothschild Investment LLC now owns 405 shares of the company’s stock valued at $43,000 after buying an additional 402 shares during the period. Monetary Solutions Ltd bought a new stake in shares of iShares Short-Term National Muni Bond ETF in the fourth quarter valued at about $54,000. WFA of San Diego LLC acquired a new stake in iShares Short-Term National Muni Bond ETF during the second quarter worth about $95,000. Finally, NBH Bank acquired a new stake in iShares Short-Term National Muni Bond ETF during the second quarter worth about $104,000.

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.