Investors Purchase High Volume of iShares National Muni Bond ETF Call Options (NYSEARCA:MUB)

iShares National Muni Bond ETF (NYSEARCA:MUB) saw some unusual options trading on Wednesday. Stock traders purchased 4,236 call options on the stock. This is an increase of approximately 76% compared to the typical volume of 2,410 call options.

Institutional Investors Weigh In On iShares National Muni Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Turning Point Benefit Group Inc. acquired a new position in shares of iShares National Muni Bond ETF during the third quarter valued at about $26,000. Hollencrest Capital Management acquired a new position in iShares National Muni Bond ETF during the 2nd quarter worth approximately $26,000. Total Investment Management Inc. bought a new position in iShares National Muni Bond ETF in the second quarter worth approximately $33,000. Imprint Wealth LLC acquired a new stake in iShares National Muni Bond ETF in the third quarter valued at approximately $35,000. Finally, Inlight Wealth Management LLC acquired a new stake in iShares National Muni Bond ETF in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Trading Up 0.1%

NYSEARCA MUB traded up $0.09 on Wednesday, hitting $106.88. The company’s stock had a trading volume of 747,197 shares, compared to its average volume of 5,084,906. The company’s 50-day moving average is $107.17 and its 200 day moving average is $105.60. iShares National Muni Bond ETF has a 1-year low of $100.29 and a 1-year high of $107.72.

About iShares National Muni Bond ETF

iShares National AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P National AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P National AMT-Free Municipal Bond Index (the Index). The Index measures the performance of the 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.