iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Sees Large Increase in Short Interest

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 69,963 shares, an increase of 298.1% from the April 30th total of 17,573 shares. Based on an average trading volume of 121,726 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Short Maturity Municipal Bond Active ETF

Several hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 2.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,062 shares of the company’s stock valued at $607,000 after acquiring an additional 240 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 0.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 60,045 shares of the company’s stock valued at $3,026,000 after acquiring an additional 264 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 4.2% during the 3rd quarter. Advisory Services Network LLC now owns 8,485 shares of the company’s stock valued at $429,000 after acquiring an additional 339 shares in the last quarter. Meeder Advisory Services Inc. boosted its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 0.9% during the 4th quarter. Meeder Advisory Services Inc. now owns 43,057 shares of the company’s stock valued at $2,167,000 after acquiring an additional 380 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 0.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 53,536 shares of the company’s stock valued at $2,693,000 after acquiring an additional 388 shares in the last quarter.

iShares Short Maturity Municipal Bond Active ETF Price Performance

BATS MEAR opened at $50.35 on Friday. iShares Short Maturity Municipal Bond Active ETF has a twelve month low of $50.03 and a twelve month high of $50.79. The business’s fifty day moving average is $50.29 and its 200 day moving average is $50.37.

iShares Short Maturity Municipal Bond Active ETF Company Profile

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.