Short Interest in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Expands By 571.9%

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 80,267 shares, a growth of 571.9% from the May 31st total of 11,947 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 197,452 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On iShares Short Maturity Municipal Bond Active ETF

A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in iShares Short Maturity Municipal Bond Active ETF by 206.1% in the first quarter. Royal Bank of Canada now owns 107,035 shares of the company’s stock worth $5,378,000 after purchasing an additional 72,073 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in iShares Short Maturity Municipal Bond Active ETF in the 2nd quarter worth about $120,000. NewEdge Advisors LLC increased its stake in iShares Short Maturity Municipal Bond Active ETF by 7.3% in the 2nd quarter. NewEdge Advisors LLC now owns 128,780 shares of the company’s stock worth $6,474,000 after buying an additional 8,740 shares during the period. Jane Street Group LLC lifted its holdings in iShares Short Maturity Municipal Bond Active ETF by 468.5% during the 2nd quarter. Jane Street Group LLC now owns 131,042 shares of the company’s stock valued at $6,587,000 after buying an additional 107,993 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in iShares Short Maturity Municipal Bond Active ETF by 21.4% during the 2nd quarter. Bank of America Corp DE now owns 1,149,777 shares of the company’s stock valued at $57,799,000 after buying an additional 202,654 shares in the last quarter.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

Shares of BATS:MEAR opened at $50.36 on Friday. iShares Short Maturity Municipal Bond Active ETF has a 1 year low of $50.12 and a 1 year high of $50.79. The business has a 50 day simple moving average of $50.29 and a two-hundred day simple moving average of $50.36.

iShares Short Maturity Municipal Bond Active ETF Company Profile

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.