Short Interest in iShares Short Duration Bond Active ETF (BATS:NEAR) Decreases By 78.2%

iShares Short Duration Bond Active ETF (BATS:NEAR) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 186,160 shares, a drop of 78.2% from the May 31st total of 854,246 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 481,445 shares, the days-to-cover ratio is presently 0.4 days.

iShares Short Duration Bond Active ETF Price Performance

NEAR stock opened at $50.69 on Friday. The stock’s fifty day simple moving average is $50.69 and its two-hundred day simple moving average is $50.92. iShares Short Duration Bond Active ETF has a 1-year low of $50.48 and a 1-year high of $51.37.

Institutional Investors Weigh In On iShares Short Duration Bond Active ETF

A number of hedge funds have recently made changes to their positions in NEAR. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Short Duration Bond Active ETF by 2,461.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,833,023 shares of the company’s stock worth $195,867,000 after buying an additional 3,683,358 shares during the last quarter. Bank of America Corp DE increased its holdings in iShares Short Duration Bond Active ETF by 0.6% during the third quarter. Bank of America Corp DE now owns 3,523,153 shares of the company’s stock worth $180,667,000 after buying an additional 19,831 shares during the last quarter. Clearwater Capital Advisors LLC raised its position in iShares Short Duration Bond Active ETF by 6.6% in the first quarter. Clearwater Capital Advisors LLC now owns 3,117,801 shares of the company’s stock worth $158,493,000 after acquiring an additional 192,930 shares during the period. UBS Group AG boosted its stake in iShares Short Duration Bond Active ETF by 19.6% in the fourth quarter. UBS Group AG now owns 1,613,264 shares of the company’s stock valued at $82,438,000 after acquiring an additional 264,887 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in iShares Short Duration Bond Active ETF by 11.1% in the first quarter. Cetera Investment Advisers now owns 1,413,521 shares of the company’s stock valued at $71,856,000 after acquiring an additional 141,623 shares during the last quarter.

About iShares Short Duration Bond Active ETF

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.