iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Stock Short Interest Drops 91.2%

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 8,135 shares, a drop of 91.2% from the August 31st total of 92,197 shares. Based on an average trading volume of 316,601 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

iShares Short Maturity Municipal Bond Active ETF Trading Down 0.2%

Shares of iShares Short Maturity Municipal Bond Active ETF stock traded down $0.08 on Friday, hitting $49.66. 297,361 shares of the company’s stock were exchanged, compared to its average volume of 185,271. The company has a 50-day simple moving average of $50.11 and a 200-day simple moving average of $50.23. iShares Short Maturity Municipal Bond Active ETF has a 1 year low of $49.63 and a 1 year high of $50.79.

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

A number of institutional investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC bought a new stake in iShares Short Maturity Municipal Bond Active ETF during the second quarter valued at about $25,253,000. Bank of New York Mellon Corp raised its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 725.3% in the first quarter. Bank of New York Mellon Corp now owns 428,835 shares of the company’s stock worth $21,588,000 after buying an additional 376,871 shares during the period. Resonant Capital Advisors LLC raised its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 21.4% in the first quarter. Resonant Capital Advisors LLC now owns 1,666,710 shares of the company’s stock worth $83,902,000 after buying an additional 293,492 shares during the period. Bank of America Corp DE raised its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 20.9% in the first quarter. Bank of America Corp DE now owns 1,418,879 shares of the company’s stock worth $71,426,000 after buying an additional 245,078 shares during the period. Finally, Nwam LLC purchased a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the 2nd quarter valued at about $9,299,000.

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.