Short Interest in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Increases By 890.0%

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 17,573 shares, a growth of 890.0% from the April 15th total of 1,775 shares. Based on an average daily volume of 107,312 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

MEAR opened at $50.28 on Tuesday. iShares Short Maturity Municipal Bond Active ETF has a 1-year low of $49.98 and a 1-year high of $50.79. The company has a 50 day simple moving average of $50.35 and a two-hundred day simple moving average of $50.38.

Hedge Funds Weigh In On iShares Short Maturity Municipal Bond Active ETF

A number of hedge funds have recently made changes to their positions in the business. Rockwood Wealth Management LLC boosted its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 3.9% in the first quarter. Rockwood Wealth Management LLC now owns 2,276,419 shares of the company’s stock worth $114,595,000 after acquiring an additional 85,260 shares during the period. Resonant Capital Advisors LLC boosted its position in shares of iShares Short Maturity Municipal Bond Active ETF by 21.4% during the first quarter. Resonant Capital Advisors LLC now owns 1,666,710 shares of the company’s stock worth $83,902,000 after acquiring an additional 293,492 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of iShares Short Maturity Municipal Bond Active ETF by 16.8% during the fourth quarter. Captrust Financial Advisors now owns 1,470,159 shares of the company’s stock worth $73,978,000 after acquiring an additional 211,363 shares during the last quarter. Bank of America Corp DE boosted its position in shares of iShares Short Maturity Municipal Bond Active ETF by 21.4% during the second quarter. Bank of America Corp DE now owns 1,149,777 shares of the company’s stock worth $57,799,000 after acquiring an additional 202,654 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of iShares Short Maturity Municipal Bond Active ETF by 10.3% during the fourth quarter. LPL Financial LLC now owns 672,920 shares of the company’s stock worth $33,861,000 after acquiring an additional 62,938 shares during the last quarter.

About iShares Short Maturity Municipal Bond Active ETF

The iShares Short Maturity Municipal Bond ETF (MEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund holds a portfolio of actively managed municipal bonds and targets a weighted average portfolio maturity of 3 years or less. MEAR was launched on Mar 3, 2015 and is managed by BlackRock.