iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Short Interest Update

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) was the target of a significant increase in short interest during the month of 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 daily trading volume, of 121,726 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are short sold.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in iShares Short Maturity Municipal Bond Active ETF by 206.1% in the first quarter. Royal Bank of Canada now owns 107,035 shares of the company’s stock worth $5,378,000 after buying an additional 72,073 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the 2nd quarter valued at approximately $120,000. NewEdge Advisors LLC increased its holdings in iShares Short Maturity Municipal Bond Active ETF by 7.3% in the 2nd quarter. NewEdge Advisors LLC now owns 128,780 shares of the company’s stock worth $6,474,000 after acquiring an additional 8,740 shares in the last quarter. Jane Street Group LLC increased its holdings in iShares Short Maturity Municipal Bond Active ETF by 468.5% in the 2nd quarter. Jane Street Group LLC now owns 131,042 shares of the company’s stock worth $6,587,000 after acquiring an additional 107,993 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in iShares Short Maturity Municipal Bond Active ETF by 21.4% during the 2nd quarter. Bank of America Corp DE now owns 1,149,777 shares of the company’s stock worth $57,799,000 after acquiring an additional 202,654 shares during the period.

iShares Short Maturity Municipal Bond Active ETF Trading Up 0.1%

Shares of iShares Short Maturity Municipal Bond Active ETF stock traded up $0.05 on Friday, hitting $50.35. 63,891 shares of the company’s stock were exchanged, compared to its average volume of 160,793. iShares Short Maturity Municipal Bond Active ETF has a 1 year low of $50.03 and a 1 year high of $50.79. The company has a 50-day simple moving average of $50.29 and a 200-day simple moving average of $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.