iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Shares Shorted: Short Interest Down 66.4% in October

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 158,499 shares, a drop of 66.4% from the October 15th total of 471,905 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,227,661 shares, the days-to-cover ratio is presently 0.1 days.

iShares Short-Term National Muni Bond ETF Trading Down 0.0%

Shares of NYSEARCA SUB traded down $0.05 during mid-day trading on Friday, hitting $105.57. 579,139 shares of the stock traded hands, compared to its average volume of 690,715. iShares Short-Term National Muni Bond ETF has a 52 week low of $104.05 and a 52 week high of $107.51. The stock has a fifty day moving average price of $105.34 and a 200-day moving average price of $106.25.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. TIAA CREF Individual & Institutional Services LLC raised its stake in iShares Short-Term National Muni Bond ETF by 89.1% during the third quarter. TIAA CREF Individual & Institutional Services LLC now owns 1,537,318 shares of the company’s stock valued at $160,711,000 after buying an additional 724,207 shares during the last quarter. Whittier Trust Co. purchased a new stake in shares of iShares Short-Term National Muni Bond ETF in the third quarter worth $394,000. TIAA Trust National Association grew its stake in shares of iShares Short-Term National Muni Bond ETF by 81.2% in the third quarter. TIAA Trust National Association now owns 111,070 shares of the company’s stock worth $11,611,000 after acquiring an additional 49,765 shares during the last quarter. Colonial Trust Co SC grew its stake in shares of iShares Short-Term National Muni Bond ETF by 9.7% in the third quarter. Colonial Trust Co SC now owns 5,817 shares of the company’s stock worth $608,000 after acquiring an additional 514 shares during the last quarter. Finally, Bogart Wealth LLC increased its holdings in shares of iShares Short-Term National Muni Bond ETF by 764.8% during the third quarter. Bogart Wealth LLC now owns 787 shares of the company’s stock valued at $82,000 after acquiring an additional 696 shares in the last quarter.

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.