Short Interest in iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Increases By 235.1%

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 317,954 shares, an increase of 235.1% from the April 15th total of 94,873 shares. Based on an average daily volume of 407,752 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the company’s stock are sold short.

iShares Short-Term National Muni Bond ETF Price Performance

Shares of SUB traded down $0.15 during trading hours on Friday, reaching $106.14. The stock had a trading volume of 415,339 shares, compared to its average volume of 546,857. iShares Short-Term National Muni Bond ETF has a 12 month low of $105.55 and a 12 month high of $107.51. The firm has a 50-day simple moving average of $106.58 and a 200 day simple moving average of $106.75.

Hedge Funds Weigh In On iShares Short-Term National Muni Bond ETF

Large investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new position in shares of iShares Short-Term National Muni Bond ETF in the 4th quarter worth $25,000. 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 purchasing an additional 402 shares in the last quarter. Monetary Solutions Ltd bought a new position in shares of iShares Short-Term National Muni Bond ETF in the 4th quarter worth $54,000. Field & Main Bank bought a new position in shares of iShares Short-Term National Muni Bond ETF in the 3rd quarter worth $59,000. Finally, Collier Financial bought a new position in shares of iShares Short-Term National Muni Bond ETF in the 3rd quarter worth $82,000.

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.