iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Short Interest Down 36.4% in May

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 86,417 shares, a decline of 36.4% from the May 14th total of 135,836 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 403,245 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Allstate Corp raised its position in iShares Short-Term National Muni Bond ETF by 3,158.4% in the fourth quarter. Allstate Corp now owns 1,547,744 shares of the company’s stock valued at $165,144,000 after purchasing an additional 1,500,244 shares during the period. John A. Wolfe & Associates Inc. purchased a new stake in iShares Short-Term National Muni Bond ETF in the fourth quarter valued at approximately $51,951,000. Captrust Financial Advisors raised its position in iShares Short-Term National Muni Bond ETF by 7.5% in the second quarter. Captrust Financial Advisors now owns 1,418,214 shares of the company’s stock valued at $150,813,000 after purchasing an additional 98,544 shares during the period. Flow Traders U.S. LLC purchased a new stake in iShares Short-Term National Muni Bond ETF in the third quarter valued at approximately $10,403,000. Finally, Quent Long Short Global Small Cap Fund LP purchased a new stake in iShares Short-Term National Muni Bond ETF in the fourth quarter valued at approximately $10,060,000.

iShares Short-Term National Muni Bond ETF Stock Performance

SUB opened at $106.44 on Monday. iShares Short-Term National Muni Bond ETF has a one year low of $105.93 and a one year high of $107.51. The business’s 50 day moving average price is $106.44 and its 200 day moving average price is $106.74.

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.