iShares Short Duration Bond Active ETF (BATS:NEAR) Sees Significant Drop in Short Interest

iShares Short Duration Bond Active ETF (BATS:NEAR) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 854,246 shares, a decrease of 34.6% from the May 14th total of 1,305,735 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average trading volume of 821,616 shares, the days-to-cover ratio is presently 1.0 days.

iShares Short Duration Bond Active ETF Stock Performance

Shares of iShares Short Duration Bond Active ETF stock opened at $50.63 on Tuesday. The company’s 50 day moving average price is $50.72 and its 200-day moving average price is $50.96. iShares Short Duration Bond Active ETF has a 52-week low of $50.48 and a 52-week high of $51.37.

Institutional Trading of iShares Short Duration Bond Active ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares Short Duration Bond Active ETF by 2,461.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,833,023 shares of the company’s stock valued at $195,867,000 after purchasing an additional 3,683,358 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in iShares Short Duration Bond Active ETF by 269.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 715,788 shares of the company’s stock valued at $36,577,000 after buying an additional 521,925 shares during the period. NewEdge Advisors LLC grew its position in shares of iShares Short Duration Bond Active ETF by 94.9% in the 1st quarter. NewEdge Advisors LLC now owns 914,401 shares of the company’s stock worth $46,484,000 after buying an additional 445,163 shares during the period. Corient Private Wealth LLC bought a new stake in iShares Short Duration Bond Active ETF during the second quarter worth about $15,660,000. Finally, Bank of America Corp DE increased its stake in shares of iShares Short Duration Bond Active ETF by 8.8% during the second quarter. Bank of America Corp DE now owns 3,503,322 shares of the company’s stock valued at $179,020,000 after purchasing an additional 284,084 shares in the last quarter.

iShares Short Duration Bond Active ETF Company Profile

The iShares Short Maturity Bond ETF (NEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund aims to maximize income and preserve capital using very short maturity, USD-denominated global fixed income securities in an actively-managed fund. NEAR was launched on Sep 25, 2013 and is managed by BlackRock.