Short Interest in iShares Short Duration Bond Active ETF (BATS:NEAR) Expands By 163.7%

iShares Short Duration Bond Active ETF (BATS:NEAR) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 1,173,445 shares, a growth of 163.7% from the April 15th total of 445,018 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average trading volume of 655,831 shares, the short-interest ratio is presently 1.8 days.

iShares Short Duration Bond Active ETF Stock Down 0.1%

Shares of BATS NEAR opened at $50.67 on Friday. The firm’s 50-day moving average price is $50.81 and its 200-day moving average price is $51.04. iShares Short Duration Bond Active ETF has a 52-week low of $50.58 and a 52-week high of $51.37.

Institutional Investors Weigh In On iShares Short Duration Bond Active ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its position in iShares Short Duration Bond Active ETF by 11.1% in the 1st quarter. Cetera Investment Advisers now owns 1,413,521 shares of the company’s stock worth $71,856,000 after purchasing an additional 141,623 shares during the period. Clearwater Capital Advisors LLC lifted its holdings in shares of iShares Short Duration Bond Active ETF by 6.6% during the 1st quarter. Clearwater Capital Advisors LLC now owns 3,117,801 shares of the company’s stock valued at $158,493,000 after buying an additional 192,930 shares during the period. Maimon Wealth Management LTD. boosted its stake in shares of iShares Short Duration Bond Active ETF by 6.9% in the 1st quarter. Maimon Wealth Management LTD. now owns 163,160 shares of the company’s stock worth $8,279,000 after buying an additional 10,470 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of iShares Short Duration Bond Active ETF by 5.5% in the 1st quarter. Parallel Advisors LLC now owns 7,354 shares of the company’s stock worth $374,000 after buying an additional 383 shares during the last quarter. Finally, Finhabits Advisors LLC grew its holdings in shares of iShares Short Duration Bond Active ETF by 5.7% in the first quarter. Finhabits Advisors LLC now owns 35,448 shares of the company’s stock worth $1,802,000 after acquiring an additional 1,908 shares during the period.

About iShares Short Duration Bond Active ETF

The iShares Short Maturity Bond ETF (NEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund aims to maximize income and preserve capital using very short maturity, USD-denominated global fixed income securities in an actively-managed fund. NEAR was launched on Sep 25, 2013 and is managed by BlackRock.