Traders Buy High Volume of Call Options on iShares National Muni Bond ETF (NYSEARCA:MUB)

iShares National Muni Bond ETF (NYSEARCA:MUB) was the target of unusually large options trading activity on Thursday. Investors purchased 13,018 call options on the company. This represents an increase of approximately 178% compared to the average daily volume of 4,685 call options.

iShares National Muni Bond ETF Price Performance

Shares of NYSEARCA:MUB opened at $104.27 on Friday. iShares National Muni Bond ETF has a 12 month low of $100.29 and a 12 month high of $108.81. The company’s 50-day moving average price is $104.05 and its two-hundred day moving average price is $105.16.

Institutional Trading of iShares National Muni Bond ETF

A number of hedge funds have recently modified their holdings of the company. Accredited Wealth Management LLC bought a new position in iShares National Muni Bond ETF in the fourth quarter valued at approximately $100,000. Principal Financial Group Inc. lifted its stake in iShares National Muni Bond ETF by 6.4% in the fourth quarter. Principal Financial Group Inc. now owns 2,578 shares of the exchange traded fund’s stock valued at $275,000 after buying an additional 156 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of iShares National Muni Bond ETF by 11.5% in the first quarter. GAMMA Investing LLC now owns 127,508 shares of the exchange traded fund’s stock valued at $13,444,000 after purchasing an additional 13,101 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of iShares National Muni Bond ETF in the first quarter valued at approximately $1,039,000. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of iShares National Muni Bond ETF by 20.5% in the first quarter. Oppenheimer & Co. Inc. now owns 12,220 shares of the exchange traded fund’s stock valued at $1,288,000 after purchasing an additional 2,081 shares during the last quarter. 90.19% of the stock is currently owned by institutional investors and hedge funds.

iShares National Muni Bond ETF Company Profile

iShares National AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P National AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P National AMT-Free Municipal Bond Index (the Index).