iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Short Interest Up 79.4% in March

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 263,732 shares, an increase of 79.4% from the February 26th total of 147,032 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 693,339 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On iShares Short-Term National Muni Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SUB. Field & Main Bank boosted its position in iShares Short-Term National Muni Bond ETF by 18.4% in the 4th quarter. Field & Main Bank now owns 651 shares of the company’s stock valued at $69,000 after buying an additional 101 shares during the period. CoreCap Advisors LLC increased its position in shares of iShares Short-Term National Muni Bond ETF by 2.8% during the fourth quarter. CoreCap Advisors LLC now owns 5,066 shares of the company’s stock worth $541,000 after acquiring an additional 136 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in shares of iShares Short-Term National Muni Bond ETF by 2.0% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 7,096 shares of the company’s stock worth $758,000 after acquiring an additional 140 shares during the period. Ethos Financial Group LLC raised its stake in shares of iShares Short-Term National Muni Bond ETF by 1.7% in the third quarter. Ethos Financial Group LLC now owns 9,228 shares of the company’s stock valued at $985,000 after acquiring an additional 151 shares in the last quarter. Finally, Synergy Investment Management LLC raised its stake in shares of iShares Short-Term National Muni Bond ETF by 3.0% in the fourth quarter. Synergy Investment Management LLC now owns 5,332 shares of the company’s stock valued at $569,000 after acquiring an additional 155 shares in the last quarter.

iShares Short-Term National Muni Bond ETF Stock Down 0.1%

Shares of SUB opened at $106.40 on Friday. iShares Short-Term National Muni Bond ETF has a 52-week low of $104.02 and a 52-week high of $107.51. The stock has a fifty day simple moving average of $107.09 and a two-hundred day simple moving average of $106.83.

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.