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

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 11,947 shares, a drop of 82.9% from the May 14th total of 69,963 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 175,867 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MEAR. Newbridge Financial Services Group Inc. purchased a new position in iShares Short Maturity Municipal Bond Active ETF in the 2nd quarter valued at $29,000. Centennial Bank AR acquired a new stake in shares of iShares Short Maturity Municipal Bond Active ETF in the 3rd quarter worth $31,000. AE Wealth Management LLC increased its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 141.1% in the 3rd quarter. AE Wealth Management LLC now owns 687 shares of the company’s stock worth $35,000 after acquiring an additional 402 shares during the last quarter. Centennial Bank AR increased its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 183.6% in the 4th quarter. Centennial Bank AR now owns 1,730 shares of the company’s stock worth $87,000 after acquiring an additional 1,120 shares during the last quarter. Finally, Blueline Advisors LLC acquired a new stake in shares of iShares Short Maturity Municipal Bond Active ETF in the 4th quarter worth $116,000.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

MEAR stock remained flat at $50.26 during midday trading on Friday. The company’s stock had a trading volume of 87,251 shares, compared to its average volume of 162,111. The firm has a 50-day moving average price of $50.28 and a two-hundred day moving average price of $50.36. iShares Short Maturity Municipal Bond Active ETF has a 12 month low of $50.12 and a 12 month high of $50.79.

About iShares Short Maturity Municipal Bond Active ETF

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.